Things were beginning to shake, rattle, and roll with specialty chemicals maker Quaker Chemical (NYSE:KWR) announcing yesterday that it was raising its second-quarter dividend to $0.25 per share, a half penny increase from the $0.245 per share it paid previously.
The board of directors said the quarterly dividend is payable on July 31 to the holders of record at the close of business on July 17.
Quaker Chemical Chairman, CEO, and President Michael F. Barry said: "For over 41 consecutive years, Quaker has paid dividends to its shareholders. This tradition includes 38 increases in our annual payout and reflects our continuing commitment to our shareholders and confidence in our future."
The regular dividend payment equates to a $1.00-per-share annual dividend yielding 1.6% based on the closing price of Quaker Chemical's stock on May 8.