NewMarket Corporation (NYSE:NEU) to Issue Quarterly Dividend of $3.00

NewMarket Corporation (NYSE:NEU) announced a quarterly dividend on Thursday, August 13th. Investors of record on Tuesday, September 15th will be given a dividend of 3.00 per share by the specialty chemicals company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 15th.

NewMarket has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years.

NewMarket Price Performance

Shares of NEU stock opened at $944.53 on Friday. The business’s fifty day moving average is $809.56 and its 200 day moving average is $714.69. The company has a quick ratio of 1.23, a current ratio of 2.25 and a debt-to-equity ratio of 0.47. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 20.32 and a beta of 0.56. NewMarket has a twelve month low of $580.03 and a twelve month high of $957.92.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 EPS for the quarter. NewMarket had a net margin of 15.80% and a return on equity of 24.62%. The firm had revenue of $747.09 million for the quarter.

Institutional Investors Weigh In On NewMarket

Several institutional investors and hedge funds have recently made changes to their positions in NEU. Los Angeles Capital Management LLC purchased a new position in NewMarket in the 4th quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new stake in NewMarket during the 4th quarter valued at $27,000. Trust Co. of Vermont purchased a new stake in NewMarket during the 2nd quarter valued at $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of NewMarket by 100.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 39 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of NewMarket by 50.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company’s stock worth $52,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

About NewMarket

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.