NewMarket Co. (NYSE:NEU) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Monday, December 16th will be given a dividend of 1.90 per share by the specialty chemicals company on Thursday, January 2nd. This represents a $7.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, December 13th.
NEU stock traded up $2.68 during trading hours on Wednesday, hitting $487.81. The company’s stock had a trading volume of 21,087 shares, compared to its average volume of 57,077. The company has a quick ratio of 1.63, a current ratio of 2.95 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $5.47 billion, a PE ratio of 23.98 and a beta of 0.44. NewMarket has a 12 month low of $378.24 and a 12 month high of $505.16. The stock has a 50 day moving average price of $486.33 and a two-hundred day moving average price of $449.71.
NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $6.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.93 by $0.13. The company had revenue of $555.82 million during the quarter. NewMarket had a net margin of 12.17% and a return on equity of 47.54%. Sell-side analysts expect that NewMarket will post 23.42 earnings per share for the current year.
In related news, CAO Bruce R. Hazelgrove III sold 171 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $479.16, for a total transaction of $81,936.36. Following the completion of the sale, the chief accounting officer now directly owns 358 shares of the company’s stock, valued at approximately $171,539.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 17.02% of the stock is currently owned by corporate insiders.
Separately, Zacks Investment Research downgraded shares of NewMarket from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd.
NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. 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, metalworking fluids, and other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.
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