NewMarket Co. Plans Quarterly Dividend of $2.50 (NYSE:NEU)

NewMarket Co. (NYSE:NEU) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, June 14th will be given a dividend of 2.50 per share by the specialty chemicals company on Monday, July 1st. This represents a $10.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, June 14th.

NewMarket has increased its dividend payment by an average of 5.2% annually over the last three years and has raised its dividend every year for the last 2 years.

NewMarket Stock Performance

NEU traded down $4.18 during midday trading on Friday, hitting $529.41. 65,326 shares of the company traded hands, compared to its average volume of 39,737. The company has a quick ratio of 1.60, a current ratio of 2.86 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $5.08 billion, a PE ratio of 12.73 and a beta of 0.45. The company’s 50-day moving average is $612.63 and its 200 day moving average is $561.14. NewMarket has a 52 week low of $371.69 and a 52 week high of $650.00.

NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share (EPS) for the quarter. NewMarket had a net margin of 14.82% and a return on equity of 38.99%. The business had revenue of $696.74 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 4th.

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.