Koppers Holdings Inc. (NYSE:KOP – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, August 28th will be paid a dividend of 0.09 per share by the specialty chemicals company on Monday, September 14th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, August 28th.
Koppers has a payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Koppers to earn $4.73 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 7.6%.
Koppers Price Performance
Koppers stock opened at $51.10 on Thursday. The company has a quick ratio of 1.11, a current ratio of 2.71 and a debt-to-equity ratio of 1.67. Koppers has a 52-week low of $25.00 and a 52-week high of $52.25. The firm has a market cap of $982.71 million, a PE ratio of 13.45, a price-to-earnings-growth ratio of 12.58 and a beta of 1.25. The company’s 50 day moving average is $46.03 and its two-hundred day moving average is $39.92.
About Koppers
Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.
In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.
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