Quaker Houghton Boosts Dividend by 5% Committing to Growth
Quaker Houghton Announces Dividend Increase
The Board of Directors of Quaker Houghton (NYSE: KWR) has declared a quarterly cash dividend of $0.508 per share, representing a remarkable 4.7% increase from the previous dividend. This significant uptick reaffirms the company’s dedication to providing value to its shareholders, showcasing its strong financial health.
A Commitment to Financial Strength
Joseph A. Berquist, the Chief Executive Officer and President of Quaker Houghton, expressed optimism regarding the future of the company. He stated that the increase in the quarterly dividend is a testament to Quaker Houghton’s ability to generate consistent and robust cash flow. Such growth in its dividend policy underscores the company’s balanced capital allocation strategy aimed at enhancing shareholder value.
Celebrating a Record of Consistency
This increase marks the 16th consecutive year that Quaker Houghton has raised its dividend, along with being the 49th increase since its public listing in 1972. By maintaining such a streak, the company emphasizes its resilience and stability in the ever-evolving industrial sector.
About Quaker Houghton
Quaker Houghton stands as the preeminent leader in industrial process fluids, serving a broad spectrum of industries across the globe. With operations in over 25 countries, the company partners with renowned enterprises in sectors such as steel, aluminum, automotive, aerospace, and mining. Quaker Houghton prides itself on delivering innovative, high-performance, and sustainable solutions tailored to the specific needs of its clients.
Global Operations and Expertise
The company employs approximately 4,400 professionals, including chemists, engineers, and industry specialists. This wealth of expertise allows Quaker Houghton to collaborate closely with its customers, enhancing their operational efficiency and effectiveness, come what may.
Leading with Innovation and Technology
Quaker Houghton underlines its commitment to innovation through a robust portfolio of cutting-edge technology and deep process knowledge. Their customized services ensure that clients achieve optimized performance and superior results, which is a crucial element in today’s competitive industrial landscape.
Frequently Asked Questions
What is Quaker Houghton's recent dividend increase amount?
Quaker Houghton recently announced a dividend increase to $0.508 per share, which is a 4.7% raise over the previous dividend.
How long has Quaker Houghton been public?
Quaker Houghton has been publicly traded since 1972, marking nearly five decades of operations in the market.
What industries does Quaker Houghton serve?
The company serves various industries including steel, aluminum, automotive, aerospace, offshore, container, mining, and metalworking.
How many employees does Quaker Houghton have?
Quaker Houghton employs approximately 4,400 professionals globally, including experts in multiple fields.
Where is Quaker Houghton headquartered?
The company is headquartered in Conshohocken, Pennsylvania, near Philadelphia, in the United States.
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