NewMarket Co. (NYSE:NEU) Declares Quarterly Dividend of $2.75

NewMarket Co. (NYSE:NEU) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Monday, March 17th will be paid a dividend of 2.75 per share by the specialty chemicals company on Tuesday, April 1st. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from NewMarket’s previous quarterly dividend of $2.50.

NewMarket has raised its dividend payment by an average of 7.7% per year over the last three years.

NewMarket Stock Up 0.1 %

NYSE:NEU traded up $0.56 during midday trading on Thursday, reaching $563.14. The company had a trading volume of 31,213 shares, compared to its average volume of 36,082. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 11.68 and a beta of 0.48. The stock’s fifty day simple moving average is $517.11 and its 200-day simple moving average is $534.55. NewMarket has a 12-month low of $480.00 and a 12-month high of $650.00. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

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.