NewMarket Co. (NEU) To Go Ex-Dividend on December 14th

NewMarket Co. (NYSE:NEU) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 14th.

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

Shares of NewMarket (NYSE NEU) opened at $388.16 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.74 and a quick ratio of 1.50. NewMarket has a 1 year low of $382.04 and a 1 year high of $483.86. The firm has a market cap of $4,655.55, a P/E ratio of 20.06 and a beta of 0.80.

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

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NewMarket Company Profile

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 (NYSE:NEU)

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