NewMarket Corporation (NYSE:NEU) Plans 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. Shareholders of record on Monday, September 15th will be paid a dividend of 2.75 per share by the specialty chemicals company on Wednesday, October 1st. This represents a c) annualized dividend and a yield of 1.5%.

NewMarket Stock Up 0.1%

Shares of NEU traded up $0.59 during midday trading on Thursday, reaching $722.60. The stock had a trading volume of 108,935 shares, compared to its average volume of 73,031. NewMarket has a 1-year low of $480.00 and a 1-year high of $743.52. The company's fifty day simple moving average is $691.30 and its two-hundred day simple moving average is $608.34. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 14.32 and a beta of 0.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43.

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. NewMarket had a net margin of 17.28% and a return on equity of 32.25%. The business had revenue of $698.51 million for the quarter.

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.

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