NewMarket Co. (NYSE:NEU) Increases Dividend to $2.75 Per Share

NewMarket Co. (NYSE:NEU) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Investors 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 yield of 1.95%. This is a positive change from NewMarket’s previous quarterly dividend of $2.50.

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

NewMarket Trading Up 0.1 %

NYSE:NEU opened at $563.14 on Friday. The company has a market capitalization of $5.36 billion, a PE ratio of 11.68 and a beta of 0.48. NewMarket has a 52-week low of $480.00 and a 52-week high of $650.00. The stock’s 50 day moving average price is $517.89 and its 200 day moving average price is $534.75. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66.

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research note 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.