NewMarket Corporation (NYSE:NEU – Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Monday, June 15th will be paid a dividend of 3.00 per share by the specialty chemicals company on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 15th.
NewMarket has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years.
NewMarket Stock Up 1.1%
NYSE:NEU traded up $7.22 during trading hours on Friday, hitting $690.26. 19,233 shares of the company traded hands, compared to its average volume of 148,093. The company has a quick ratio of 1.33, a current ratio of 2.53 and a debt-to-equity ratio of 0.50. The firm’s 50-day simple moving average is $625.79 and its 200-day simple moving average is $696.03. NewMarket has a one year low of $580.03 and a one year high of $875.97. The company has a market cap of $6.49 billion, a PE ratio of 15.77 and a beta of 0.48.
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.
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