NewMarket Co. (NEU) to Issue Quarterly Dividend of $2.50 on January 2nd

NewMarket Co. (NYSE:NEU) declared a quarterly dividend on Thursday, October 24th,Zacks Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 2.50 per share by the specialty chemicals company on Thursday, January 2nd. This represents a $10.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Monday, December 16th.

NewMarket has increased its dividend by an average of 5.2% per year over the last three years.

NewMarket Trading Up 0.5 %

NYSE:NEU opened at $541.60 on Friday. The business’s 50-day simple moving average is $536.77 and its 200-day simple moving average is $540.37. NewMarket has a fifty-two week low of $494.04 and a fifty-two week high of $650.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. The stock has a market capitalization of $5.20 billion, a PE ratio of 12.03 and a beta of 0.50.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%. The firm had revenue of $724.95 million for the quarter.

About NewMarket

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.