NewMarket Co. (NEU) to Issue Quarterly Dividend of $2.75 on April 1st

NewMarket Co. (NYSE:NEU) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Monday, March 17th will be given a dividend of 2.75 per share by the specialty chemicals company on Tuesday, April 1st. This represents a $11.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, March 17th. This is a 10.0% increase from NewMarket’s previous quarterly dividend of $2.50.

NewMarket has increased its dividend payment by an average of 7.7% per year over the last three years.

NewMarket Trading Up 0.9 %

Shares of NewMarket stock opened at $523.80 on Friday. The business has a fifty day simple moving average of $522.45 and a two-hundred day simple moving average of $534.28. NewMarket has a 1 year low of $480.00 and a 1 year high of $638.21. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 10.86 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded NewMarket from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th.

NewMarket Company Profile

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.