NewMarket Corporation (NYSE:NEU) Declares $3.00 Quarterly Dividend

NewMarket Corporation (NYSE:NEU) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Monday, March 16th will be paid a dividend of 3.00 per share by the specialty chemicals company on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, March 16th.

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

NewMarket Price Performance

Shares of NEU stock traded down $3.84 on Friday, reaching $625.00. 77,367 shares of the company were exchanged, compared to its average volume of 153,747. NewMarket has a 1 year low of $510.07 and a 1 year high of $875.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.53. The business has a 50-day moving average price of $671.50 and a 200 day moving average price of $746.67. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 14.04 and a beta of 0.48.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 EPS for the quarter. The business had revenue of $635.40 million during the quarter. NewMarket had a return on equity of 25.38% and a net margin of 15.37%.

NewMarket Company Profile

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.