NewMarket Corporation (NYSE:NEU) Announces $1.75 Quarterly Dividend

NewMarket Corporation (NYSE:NEU) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 1.75 per share by the specialty chemicals company on Tuesday, January 2nd. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, December 14th.

NewMarket Corporation has raised its dividend payment by an average of 33.3% annually over the last three years and has increased its dividend annually for the last 8 consecutive years.

Shares of NewMarket Corporation (NEU) opened at $395.00 on Friday. NewMarket Corporation has a 1 year low of $382.04 and a 1 year high of $483.86. The company has a quick ratio of 1.50, a current ratio of 2.74 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $4,681.94, a PE ratio of 20.17 and a beta of 0.81.

NewMarket Corporation (NYSE:NEU) last issued its earnings results on Wednesday, October 25th. The specialty chemicals company reported $5.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.70 by ($0.66). NewMarket Corporation had a return on equity of 41.70% and a net margin of 10.85%. The company had revenue of $584.41 million during the quarter, compared to analysts’ expectations of $546.40 million. During the same period in the previous year, the company earned $6.00 EPS. NewMarket Corporation’s quarterly revenue was up 13.2% on a year-over-year basis.

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Separately, BidaskClub lowered NewMarket Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th.

About NewMarket Corporation

NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.

Dividend History for NewMarket Corporation (NYSE:NEU)

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