Quaker Houghton (KWR), formerly known as Quaker Chemical (KWR), will raise its quarterly dividend by 5.1 percent in 2021.

The increased dividend of 41.5 cents per share is payable on October 29, 2021. The ex-dividend date is October 14, 2021. A new annual rate of $1.66 per share yields 0.6% at a stock price of $253 for KWR.

Quaker Houghton, formerly Quaker Chemical, is a global provider of process fluids, chemical specialties, and technical expertise to a wide range of industries, including steel, offshore, metalworking, aluminum, automotive, mining, aerospace, tube and pipe and cans. The company's segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.  Quaker Houghton is headquartered in Conshohocken, Pennsylvania, located near Philadelphia in the United States. The company has paid uninterrupted dividends to shareholders every year since going public in 1972.