NewMarket Corporation (NYSE:NEU – Get Free Report) announced a quarterly dividend on Thursday, October 29th. Investors 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, December 15th. This is a 8.3% increase from NewMarket’s previous quarterly dividend of $3.00.
NewMarket has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 7 consecutive years.
NewMarket Price Performance
NEU opened at $785.35 on Friday. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 16.29 and a beta of 0.55. NewMarket has a fifty-two week low of $580.03 and a fifty-two week high of $981.66. The company’s 50-day moving average price is $893.12 and its 200 day moving average price is $763.13. The company has a quick ratio of 1.23, a current ratio of 2.46 and a debt-to-equity ratio of 0.43.
NewMarket (NYSE:NEU – Get Free Report) last issued its earnings results on Wednesday, October 28th. The specialty chemicals company reported $13.50 earnings per share (EPS) for the quarter. NewMarket had a net margin of 16.51% and a return on equity of 25.12%. The firm had revenue of $716.50 million for the quarter.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Wall Street Zen upgraded NewMarket from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised NewMarket from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on NewMarket
NewMarket Company Profile
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.
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