Koppers Stock To Go Ex-dividend Tomorrow (KOP)

NEW YORK ( TheStreet) -- The ex-dividend date for Koppers Holdings (NYSE: KOP) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $39.65 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Koppers has been 108,300 shares per day over the past 30 days. Koppers has a market cap of $825.2 million and is part of the basic materials sector and chemicals industry. Shares are up 14% year to date as of the close of trading on Wednesday.

Koppers Holdings Inc. produces and sells carbon compounds and commercial wood treatment products and services to aluminum, railroad, specialty chemical, utility, concrete, and steel industries. It operates in two segments, Carbon Materials & Chemicals and Railroad & Utility Products. The company has a P/E ratio of 19, above the average chemicals industry P/E ratio of 18.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Koppers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Koppers Ratings Report.

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