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Quaker Chemical increases quarterly dividend

CONSHOHOCKEN, Pa. (AP) -- Quaker Chemical Corp. said Wednesday that it is increasing its quarterly dividend by 2 percent.

The specialty chemical company said its new dividend of 25 cents is payable on July 31 to shareholders of record as of July 17. That is up from its most recent dividend of 24.5 cents.

Shares of the company, based in Conshohocken, Pa., added 33 cents to $63.52 in afternoon trading, in line with broader market trends.