NewMarket Corporation (NEU) to Issue Quarterly Dividend of $3.00 on October 1st

NewMarket Corporation (NYSE:NEU) announced a quarterly dividend on Thursday, August 13th. Shareholders of record on Tuesday, September 15th will be given a dividend of 3.00 per share by the specialty chemicals company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 15th.

NewMarket has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years.

NewMarket Price Performance

NewMarket stock opened at $959.36 on Friday. The firm has a market capitalization of $8.83 billion, a P/E ratio of 20.64 and a beta of 0.56. NewMarket has a one year low of $580.03 and a one year high of $961.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.25 and a quick ratio of 1.23. The business has a fifty day moving average price of $812.96 and a 200-day moving average price of $716.40.

NewMarket (NYSE:NEU) last released its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share (EPS) for the quarter. The company had revenue of $747.09 million for the quarter. NewMarket had a return on equity of 24.62% and a net margin of 15.80%.

About NewMarket

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.