NewMarket Corporation (NYSE:NEU) Declares Quarterly Dividend of $3.00

NewMarket Corporation (NYSE:NEU) declared a quarterly dividend on Thursday, April 23rd. Investors 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) dividend on an annualized basis and a yield of 1.8%. 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 increased its dividend every year for the last 7 years.

NewMarket Price Performance

NYSE NEU opened at $682.28 on Friday. The business’s fifty day moving average is $625.79 and its 200 day moving average is $696.03. NewMarket has a fifty-two week low of $574.71 and a fifty-two week high of $875.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.53. The company has a market capitalization of $6.41 billion, a PE ratio of 15.58 and a beta of 0.48.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 EPS for the quarter. NewMarket had a return on equity of 24.26% and a net margin of 15.25%.The business had revenue of $669.72 million during the quarter.

About NewMarket

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.