NewMarket Corporation (NYSE:NEU) Announces Quarterly Dividend of $2.75

Key Points

• NewMarket Corporation has declared a quarterly dividend of $2.75 per share, payable on October 1st to shareholders of record as of September 15th.
• The company's stock price increased by 0.1%, reaching $722.60, with a market capitalization of $6.79 billion.
• For the last reported quarter, NewMarket achieved $11.84 earnings per share and a net margin of 17.28% on revenues of $698.51 million.

NewMarket Corporation (NYSE:NEU - Get Free Report) declared a quarterly dividend on Thursday, August 7th, RTT News reports. Investors of record on Monday, September 15th will be given a dividend of 2.75 per share by the specialty chemicals company on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, September 15th.

NewMarket Trading Up 0.7%

Shares of NEU traded up $4.82 during trading hours on Monday, reaching $742.99. 9,831 shares of the company traded hands, compared to its average volume of 74,829. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 0.52. The stock's fifty day moving average price is $693.18 and its 200 day moving average price is $611.58. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 14.73 and a beta of 0.45. NewMarket has a 12-month low of $480.00 and a 12-month high of $745.77.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share for the quarter. The company had revenue of $698.51 million for the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%.

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.