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PITTSBURGH - Koppers Holdings Inc . (NYSE: NYSE:KOP), a global provider of treated wood products, chemicals, and carbon compounds, has announced a 14% increase in its quarterly dividend. The company’s Board of Directors has approved the dividend hike from $0.07 to $0.08 per share of common stock, which will be payable on March 24, 2025, to shareholders on record as of March 7, 2025. According to InvestingPro data, this marks the company’s third consecutive year of dividend increases, with a notable 16.7% dividend growth over the last twelve months.
This increase raises Koppers’ annual dividend rate to $0.32 per share for the year 2025, contingent upon the Board’s standard quarterly review. CEO Leroy Ball (NYSE:BALL) stated, "This dividend increase reflects our continued confidence in the company’s strategies to generate sustainable, profitable growth. At the same time, we remain committed to our balanced capital allocation approach of investing for the future as well as returning cash to shareholders." The company’s strong financial position is reflected in its current ratio of 2.54, indicating healthy liquidity. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 6 additional ProTips available for subscribers.
The future payment of regular quarterly dividends will be subject to the Board’s approval and its assessment of whether it is in the best interests of Koppers and its shareholders. The Board will consider the company’s financial position, operational results, cash flows, capital requirements, and applicable legal requirements when deciding on future dividends.
Koppers, with a workforce of 2,100 employees, specializes in producing essential treated wood products, wood preservation technologies, and carbon compounds. The company’s products and services play a crucial role in maintaining infrastructure components such as railroad crossties, utility poles, and outdoor wooden structures. Koppers focuses on offering safe and sustainable solutions that support rail transportation, power distribution, and recreational spaces.
The information in this article is based on a press release statement from Koppers Holdings Inc.
"In other recent news, Koppers Holdings Inc. announced a significant shift in its executive team. Leslie S. Hyde, Senior Vice President and Chief Sustainability Officer, is preparing for her retirement on March 31, 2025. In light of this, Hyde has transitioned from her current role to serve as Assistant to the Chief Executive Officer of Koppers Inc. until her retirement.
This change is part of a strategic plan by the company, aiming to ensure leadership continuity. However, the company hasn’t yet disclosed any information regarding a successor for the Chief Sustainability Officer position or any potential alterations to their sustainability strategies.
These are the latest developments at Koppers Holdings Inc., a firm known for its manufacturing operations in the lumber and wood products industry. It’s worth noting that these updates are based solely on the company’s recent filing with the Securities and Exchange Commission.
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