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

NewMarket Corporation (NYSE:NEU) announced a quarterly dividend on Thursday, August 13th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 3.00 per share by the specialty chemicals company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 15th.

NewMarket has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years.

NewMarket Price Performance

Shares of NewMarket stock opened at $944.53 on Friday. NewMarket has a 52-week low of $580.03 and a 52-week high of $957.92. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 20.32 and a beta of 0.56. The company has a fifty day moving average of $809.56 and a 200-day moving average of $714.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.23 and a current ratio of 2.25.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 EPS for the quarter. The company had revenue of $747.09 million for the quarter. NewMarket had a net margin of 15.80% and a return on equity of 24.62%.

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.