NewMarket Corporation (NYSE:NEU) Raises Dividend to $3.25 Per Share

NewMarket Corporation (NYSE:NEU) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $3.25 per share by the specialty chemicals company on Friday, January 1st. This represents a $13.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 15th. This is a 8.3% increase from NewMarket’s previous quarterly dividend of $3.00.

NewMarket has increased its dividend 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 Trading Down 7.8%

NYSE:NEU opened at $804.85 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. NewMarket has a 12-month low of $580.03 and a 12-month high of $981.66. The firm has a market cap of $7.40 billion, a PE ratio of 16.32 and a beta of 0.55. The stock has a fifty day moving average price of $896.00 and a 200 day moving average price of $762.80.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, October 28th. The specialty chemicals company reported $13.50 earnings per share for the quarter. NewMarket had a return on equity of 25.64% and a net margin of 16.51%. The business had revenue of $716.50 million during the quarter.

About NewMarket

NewMarket Corporation (NYSE: NEU) is a holding company focused primarily on the development, manufacture and sale of petroleum additives. Its products are used to improve the performance, durability, efficiency and environmental characteristics of fuels, lubricants and other petroleum-based products.

NewMarket’s principal operating businesses include Afton Chemical Corporation and Ethyl Corporation. Afton Chemical develops and supplies additive packages and components for engine oils, transmission fluids, hydraulic fluids, fuels and other industrial applications.