Koppers Holdings Inc. (NYSE:KOP) Declares Quarterly Dividend of $0.08

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Friday, March 7th will be given a dividend of 0.08 per share by the specialty chemicals company on Monday, March 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.07%. This is a positive change from Koppers’s previous quarterly dividend of $0.07.

Koppers has a payout ratio of 6.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Koppers to earn $4.31 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 6.5%.

Koppers Stock Performance

Koppers stock opened at $29.92 on Thursday. Koppers has a 1-year low of $28.57 and a 1-year high of $58.23. The firm has a market cap of $606.48 million, a P/E ratio of 8.50 and a beta of 1.83. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. The firm has a 50-day moving average of $31.62 and a 200-day moving average of $35.16.

Insiders Place Their Bets

In related news, CEO M Leroy Ball sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.26, for a total value of $223,560.00. Following the sale, the chief executive officer now directly owns 314,325 shares of the company’s stock, valued at $11,711,749.50. This represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen R. Tritch sold 3,533 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $37.08, for a total value of $131,003.64. Following the transaction, the director now directly owns 47,737 shares of the company’s stock, valued at $1,770,087.96. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. 6.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KOP. Barrington Research reiterated an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Koppers from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

About Koppers

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.