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

NewMarket Co. (NYSE:NEU) declared a quarterly dividend on Thursday, October 24th. Shareholders who are on the record as of Monday, December 16th, will receive a dividend payment of $2.50 per share. The payment is set to be issued on Thursday, January 2nd. This dividend translates to an annualized distribution of $10.00, yielding 1.86%. It is important to note that the ex-dividend date for this payment is also Monday, December 16th.

Over the past three years, NewMarket has consistently raised its dividend, averaging an annual increase of 5.2%. The company has maintained this trend, successfully increasing its dividend for six consecutive years.

Market Performance of NewMarket Shares

On Friday, shares of NewMarket traded down by 0.3%, falling to $538.64. During trading, the company witnessed a volume of 26,587 shares, which is lower than its average volume of 36,423. Currently, NewMarket has a market capitalization of approximately $5.17 billion, with a price-to-earnings (P/E) ratio of 12.96 and a beta of 0.49. The stock's 50-day moving average stands at $545.66, while the 200-day moving average is $545.46. In terms of liquidity, the company has a quick ratio of 1.48, a current ratio of 2.66, and a debt-to-equity ratio of 0.95. NewMarket has experienced a 52-week low of $451.01 and a high of $650.00.

NewMarket recently reported its quarterly earnings data on October 23rd. The specialty chemicals firm announced an earnings per share (EPS) of $13.79 for the quarter, along with a revenue of $724.95 million. Additionally, NewMarket demonstrated a return on equity of 37.06% and achieved a net profit margin of 15.12%.

Insider Trading at NewMarket

In related news, Chief Accounting Officer Bruce R. Hazelgrove III sold 1,270 shares of NewMarket stock on Friday, August 9th, at an average price of $544.31 per share, accumulating a total of approximately $691,273.70. After this transaction, Hazelgrove now owns 358 shares of the company's stock, valued at around $194,862.98. This trade was a slight decrease of 0.00% in his overall position. This transaction was disclosed in a filing with the SEC.

The company insiders hold 20.40% of NewMarket’s stock.

Analysts' Perspectives on NewMarket

Analysts have been adjusting their ratings for NewMarket. On August 6th, StockNews.com upgraded NewMarket from a "buy" to a "strong-buy" rating, indicating positive sentiment towards the stock.

About NewMarket

NewMarket Corporation, through its subsidiaries, focuses primarily on producing and selling petroleum additives. This includes lubricant additives intended for various industrial and vehicle applications—spanning engine oils, transmission fluids, hydraulic systems, and gear oils. The company's specialties also incorporate engine oil additives crafted for passenger cars, heavy-duty commercial equipment, locomotives, and commercial vessels, along with driveline additives for transmission and axle fluids.

dividend, stocks, earnings