NewMarket Co. (NYSE:NEU – Get Rating) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Thursday, September 15th will be paid a dividend of 2.10 per share by the specialty chemicals company on Monday, October 3rd. This represents a $8.40 annualized dividend and a yield of 2.80%. The ex-dividend date is Wednesday, September 14th.
NewMarket has a dividend payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings.
NewMarket Stock Down 0.5 %
NYSE NEU opened at $300.30 on Friday. The company has a 50 day moving average of $306.13 and a 200-day moving average of $319.66. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 16.02 and a beta of 0.36. The company has a current ratio of 2.60, a quick ratio of 1.43 and a debt-to-equity ratio of 1.26. NewMarket has a 1-year low of $285.60 and a 1-year high of $378.63.
Institutional Trading of NewMarket
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of NewMarket from a “buy” rating to a “strong-buy” rating in a research note on Thursday.
NewMarket Company Profile
NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business. 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.
- Get a free copy of the StockNews.com research report on NewMarket (NEU)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for NewMarket Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewMarket and related companies with MarketBeat.com's FREE daily email newsletter.