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

NewMarket Co. (NYSE:NEU - Get Free Report) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Monday, December 16th will be paid a dividend of 2.50 per share by the specialty chemicals company on Thursday, January 2nd. This represents a $10.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, December 16th.

NewMarket has raised its dividend payment by an average of 5.2% annually over the last three years and has raised its dividend annually for the last 6 consecutive years.

NewMarket Price Performance

Shares of NEU stock traded down $1.75 during mid-day trading on Friday, hitting $538.64. 26,587 shares of the stock traded hands, compared to its average volume of 23,183. NewMarket has a twelve month low of $451.01 and a twelve month high of $650.00. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 12.57 and a beta of 0.49. The company's 50-day simple moving average is $545.66 and its 200-day simple moving average is $545.06. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.48 and a current ratio of 2.66.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share (EPS) for the quarter. The company had revenue of $724.95 million for the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded NewMarket from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 6th.

Insider Buying and Selling

In related news, CAO Bruce R. Hazelgrove III sold 1,270 shares of NewMarket stock in a transaction on Friday, August 9th. The stock was sold at an average price of $544.31, for a total value of $691,273.70. Following the transaction, the chief accounting officer now directly owns 358 shares in the company, valued at $194,862.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 20.40% of the company's stock.

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.