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

NewMarket Co. (NYSE:NEU) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Monday, December 16th will be paid a dividend of 2.50 per share by the specialty chemicals company on Thursday, January 2nd. This represents a $10.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Monday, December 16th.

NewMarket has raised its dividend payment by an average of 5.2% per year over the last three years and has increased its dividend every year for the last 6 years.

NewMarket Trading Down 0.3 %

Shares of NYSE:NEU traded down $1.75 during mid-day trading on Friday, hitting $538.64. The stock had a trading volume of 26,587 shares, compared to its average volume of 36,423. NewMarket has a 12-month low of $451.01 and a 12-month high of $650.00. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.48 and a current ratio of 2.66. The company has a market cap of $5.17 billion, a PE ratio of 12.96 and a beta of 0.49. The company’s 50 day moving average is $545.66 and its 200-day moving average is $545.46.

NewMarket (NYSE:NEU) last issued its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS for the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%. The business had revenue of $724.95 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com upgraded NewMarket from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th.

Insider Buying and Selling at NewMarket

In other news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $544.31, for a total value of $691,273.70. Following the transaction, the chief accounting officer now directly owns 358 shares of the company’s stock, valued at approximately $194,862.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 20.40% of the company’s stock.

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.