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

NewMarket Co. (NYSE:NEU - Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, June 14th will be given a dividend of 2.50 per share by the specialty chemicals company on Monday, July 1st. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, June 14th.

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

NewMarket Price Performance

Shares of NYSE NEU traded down $4.18 during midday trading on Friday, reaching $529.41. 65,326 shares of the stock traded hands, compared to its average volume of 39,737. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.86 and a quick ratio of 1.60. The stock has a market capitalization of $5.08 billion, a PE ratio of 12.73 and a beta of 0.45. NewMarket has a one year low of $371.69 and a one year high of $650.00. The company's 50 day moving average is $612.63 and its 200 day moving average is $561.14.

NewMarket (NYSE:NEU - Get Free Report) last posted its earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 EPS for the quarter. The firm 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%.

Wall Street Analysts Forecast Growth

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

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.