Updating QUAKER CHEMICAL CORP., CEDAR FAIR L.P., BUCKEYE PARTNERS L.P. and VERIZON COMMUNICATIONS INC.

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QUAKER CHEMICAL CORP. $25 makes lubricants and specialty chemicals that protect mechanical parts from corroding. Oil is its main raw material, so it is gaining from lower oil prices. Rising industrial activity in developing markets such as China, Brazil, India and Russia is also spurring its growth. As a result, Quaker raised its quarterly dividend by 2.2%. It now yields 3.8%. Buy. CEDAR FAIR L.P. $13 recently cancelled a friendly, $11.50-a-unit takeover offer after its investors complained the price was too low. The amusement-park operator now aims to strengthen its balance sheet with a refinancing, including issuing $500 million in long-term notes. However, its total debt of $1.7 billion is still a high 2.4 times its market cap. Hold. BUCKEYE PARTNERS L.P. $56 continues to raise its quarterly distributions. The oil-pipeline operator will pay $0.95 a unit in the second quarter of 2010, up 5.6% from the first quarter. The new annual rate of $3.80 yields 6.8%. Best Buy. VERIZON COMMUNICATIONS INC. $27…