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

NewMarket Corporation (NYSE:NEUGet Free Report) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Monday, June 15th will be given a dividend of 3.00 per share by the specialty chemicals company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, June 15th.

NewMarket has increased its dividend 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 $832.67 on Friday. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 19.02 and a beta of 0.56. NewMarket has a 52-week low of $580.03 and a 52-week high of $875.97. The stock’s 50 day moving average price is $708.02 and its two-hundred day moving average price is $686.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 2.55.

NewMarket (NYSE:NEUGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share (EPS) for the quarter. The firm had revenue of $669.72 million for the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.

NewMarket Company Profile

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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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Dividend History for NewMarket (NYSE:NEU)

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