NewMarket Co. Declares Quarterly Dividend of $2.50

NewMarket Co. (NYSE:NEU) announced on Thursday, October 24th, that it will distribute a quarterly dividend. Shareholders listed on the record as of Monday, December 16th, will receive a dividend payment of $2.50 per share on Thursday, January 2nd. This dividend equates to an annualized total of $10.00 and offers a yield of 1.86%. Please note that the ex-dividend date is also set for Monday, December 16th.

Over the last three years, NewMarket has raised its dividend by an average of 5.2% per year, continuing a trend of annual increases for six consecutive years.

NewMarket Shares Performance

During trading on Friday, shares of NEU fell by 0.3%, dropping $1.75 to a total value of $538.64. The trading volume was 26,587 shares, compared to the normal average of 36,423 shares. NewMarket has a market cap of $5.17 billion, a price-to-earnings ratio of 12.96, and a beta of 0.49. The stock's 50-day moving average stands at $545.66, while its 200-day moving average is $545.46. The company has demonstrated financial stability with a quick ratio of 1.48, a current ratio of 2.66, and a debt-to-equity ratio of 0.95. Its shares have a 52-week low of $451.01 and a high of $650.00.

NewMarket's last quarterly earnings report was released on Wednesday, October 23rd, revealing an earnings per share (EPS) of $13.79 and a revenue of $724.95 million. The company's return on equity was recorded at 37.06%, with a net margin of 15.12%.

Insider Trading Activities

In recent news, CAO Bruce R. Hazelgrove III sold 1,270 shares of NewMarket on Friday, August 9th, at an average price of $544.31. The total value of the sale was approximately $691,273.70. Following this transaction, Hazelgrove retains 358 shares valued at about $194,862.98. Company insiders hold about 20.40% of the firm's stock.

Analyst Recommendations

On a related note, StockNews.com upgraded NewMarket from a "buy" to a "strong-buy" rating in a report dated Tuesday, August 6th.

Company Overview

NewMarket Corporation primarily operates through its subsidiaries, focusing on the production and sale of petroleum additives. The company provides various lubricant additives for different automotive and industrial applications. This includes offerings for engine oils, transmission fluids, hydraulic systems, and more, covering a wide range of vehicles and machinery.

dividend, stocks, quarterly