NewMarket Corporation (NYSE:NEU – Get Free Report) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Monday, March 16th will be paid a dividend of 3.00 per share by the specialty chemicals company on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, March 16th.
NewMarket has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years.
NewMarket Stock Performance
NYSE NEU traded down $5.91 on Friday, hitting $622.93. 64,497 shares of the company’s stock were exchanged, compared to its average volume of 153,238. The firm’s 50-day moving average price is $671.50 and its two-hundred day moving average price is $746.67. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 14.04 and a beta of 0.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.53 and a quick ratio of 1.33. NewMarket has a fifty-two week low of $510.07 and a fifty-two week high of $875.97.
NewMarket Company Profile
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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