CONSHOHOCKEN, PA — Quaker Houghton (NYSE: KWR) increased its quarterly cash dividend by 4.3%, extending a 17-year streak of annual dividend increases as the industrial process fluids manufacturer continues returning capital to shareholders.
The company’s board of directors approved a quarterly dividend of $0.53 per share, payable Oct. 30 to shareholders of record at the close of business on Oct. 16, Quaker Houghton announced.
The increase marks the company’s 50th dividend increase since it became publicly traded in 1972.
Chief Executive Officer and President Joseph A. Berquist attributed the higher dividend to the company’s financial position and cash generation.
“Today’s dividend increase announcement reflects our confidence in the durability of our business, the strength of our cash flow generation, and our ability to create long-term shareholder value,” Berquist stated.
He added that the company remains focused on balancing investment in growth, maintaining financial flexibility and returning cash to shareholders.
Quaker Houghton manufactures industrial process fluids used across the steel, aluminum, automotive, aerospace, offshore, container, mining and metalworking industries. The Conshohocken-based company operates in more than 25 countries and employs approximately 4,700 people.
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