Koppers Holdings (KOP) Declares $0.07 Dividend
Koppers Holdings said on February 14, 2024 that its board of directors declared a regular quarterly dividend of $0.07 per share ($0.28 annualized). Previously, the company paid $0.06 per share.
Shares must be purchased before the ex-div date of March 7, 2024 to qualify for the dividend. Shareholders of record as of March 8, 2024 will receive the payment on March 25, 2024.
At the current share price of $51.07 / share, the stock's dividend yield is 0.55%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.85%, the lowest has been 0.47%, and the highest has been 2.57%. The standard deviation of yields is 0.29 (n=234).
The current dividend yield is 1.02 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.07. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is -0.17%.
What is the Fund Sentiment?
There are 428 funds or institutions reporting positions in Koppers Holdings. This is an increase of 10 owner(s) or 2.39% in the last quarter. Average portfolio weight of all funds dedicated to KOP is 0.12%, an increase of 11.42%. Total shares owned by institutions increased in the last three months by 1.62% to 23,239K shares. 
The put/call ratio of KOP is 0.62, indicating a bullish outlook.
Analyst Price Forecast Suggests 13.84% Upside
As of January 20, 2024, the average one-year price target for Koppers Holdings is 58.14. The forecasts range from a low of 50.50 to a high of $67.20. The average price target represents an increase of 13.84% from its latest reported closing price of 51.07.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Koppers Holdings is 2,028MM, a decrease of 4.50%. The projected annual non-GAAP EPS is 4.34.
What are Other Shareholders Doing?
Fuller & Thaler Asset Management holds 2,091K shares representing 10.04% ownership of the company. In it's prior filing, the firm reported owning 2,176K shares, representing a decrease of 4.05%. The firm increased its portfolio allocation in KOP by 9.65% over the last quarter.
UBVLX - Undiscovered Managers Behavioral Value Fund Class L holds 1,779K shares representing 8.54% ownership of the company. In it's prior filing, the firm reported owning 1,806K shares, representing a decrease of 1.50%. The firm increased its portfolio allocation in KOP by 16.99% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,410K shares representing 6.77% ownership of the company. In it's prior filing, the firm reported owning 1,460K shares, representing a decrease of 3.60%. The firm increased its portfolio allocation in KOP by 16.15% over the last quarter.
Rubric Capital Management holds 1,007K shares representing 4.84% ownership of the company. In it's prior filing, the firm reported owning 1,139K shares, representing a decrease of 13.03%. The firm decreased its portfolio allocation in KOP by 36.62% over the last quarter.
Lsv Asset Management holds 727K shares representing 3.49% ownership of the company. In it's prior filing, the firm reported owning 751K shares, representing a decrease of 3.20%. The firm increased its portfolio allocation in KOP by 17.72% over the last quarter.
Koppers Holdings Background Information
(This description is provided by the company.)
Koppers, with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. Its products and services are used in a variety of niche applications in a diverse range of end-markets, including the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction industries. The Company serves its customers through a comprehensive global manufacturing and distribution network, with facilities located in North America, South America, Australasia and Europe.
Additional reading:
- Koppers Holdings Names Nishan J. Vartanian to Board Company Expands Board of Directors from Nine to Ten Members
- Koppers Names James A. Sullivan President and Chief Operating Officer
- Koppers Reports Third Quarter 2023 Results; Reaffirms 2023 Outlook Third Quarter Record Sales of $550.4 Million vs. $536.1 Million in Prior Year Quarter Third Quarter Diluted EPS of $1.22 vs. $0.91 in Prior Year Quarter Third Quarter Adjusted EPS of
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