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

NewMarket Co. (NYSE:NEU) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, June 14th will be paid 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 is Friday, June 14th.

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

NewMarket Price Performance

NEU traded down $4.18 during trading on Friday, hitting $529.41. The company’s stock had a trading volume of 65,326 shares, compared to its average volume of 39,737. The firm’s 50 day moving average price is $612.63 and its two-hundred day moving average price is $561.14. The company has a quick ratio of 1.60, a current ratio of 2.86 and a debt-to-equity ratio of 1.11. NewMarket has a 12 month low of $371.69 and a 12 month high of $650.00. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 12.73 and a beta of 0.45.

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

Analyst Ratings Changes

Separately, StockNews.com downgraded NewMarket from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 4th.

About NewMarket

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.