CONSHOHOCKEN, Pa., May 9, 2012 /PRNewswire/ -- The Board of Directors of Quaker Chemical Corporation (NYSE:KWR) today declared an increase in the quarterly dividend to $0.245 per share from $0.24 per share, payable on July 31, 2012, to shareholders of record at the close of business on July 17, 2012. Michael F. Barry, Chairman, Chief Executive Officer and President commented, "Quaker has a great tradition of paying dividends. Since we became a public company in 1972, we have paid a dividend for over 40 consecutive years, including 37 increases in our annual payout. The latest increase reflects our continuing commitment to enhancing shareholder returns and confidence in our prospects for 2012 and beyond." Quaker Chemical Corporation is a leading global provider of process chemicals, chemical specialties, services, and technical expertise to a wide range of industries - including steel, aluminum, automotive, mining, aerospace, tube and pipe, coatings, and construction materials. Our products, technical solutions, and chemical management services enhance our customers' processes, improve their product quality, and lower their costs. Quaker's headquarters is located near Philadelphia in Conshohocken, Pennsylvania. SOURCE Quaker Chemical Corporation
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.
Quaker Chemical Corporation (NYSE:KWR) hit a new 52-week high Thursday as it is currently trading at $46.16, above its previous 52-week high of $46.02 with 7,362 shares traded as of 11:19 a.m. ET. Average volume has been 54,400 shares over the past 30 days.