CONSHOHOCKEN, Pa., May 10, 2017 /PRNewswire/ -- The Board of
Directors of Quaker Chemical Corporation (NYSE: KWR) today declared
a $0.355 per share quarterly
dividend, a 3% increase compared to the quarterly dividends
declared over the past four quarters. The quarterly dividend is
payable on July 31, 2017, to
shareholders of record at the close of business on July 17, 2017.
Michael F. Barry, Chairman, Chief
Executive Officer and President commented, "Quaker is committed to
growing the Company and returning cash to our shareholders. Our
strong cash flow generation and our confidence in the future
earnings of the Company allow us to continue our consistent
dividend payout and support this increase, while striking a balance
with the expected future demands on cash from our Houghton
combination. We are pleased to say that this is our 41st
dividend increase in 45 consecutive years of paying dividends."
About Quaker
Quaker Chemical is a leading global provider of
process fluids, chemical specialties, and technical expertise
to a wide range of industries, including steel, aluminum,
automotive, mining, aerospace, tube and pipe, cans, and
others. For nearly 100 years, Quaker has helped customers
around the world achieve production efficiency, improve product
quality, and lower costs through a combination of innovative
technology, process knowledge, and customized services.
Headquartered in Conshohocken,
Pennsylvania USA, Quaker serves businesses worldwide with
a network of dedicated and experienced professionals
whose mission is to make a difference.
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SOURCE Quaker Chemical Corporation