NewMarket Co. (NYSE:NEU – Get Free Report) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Monday, March 17th will be given a dividend of 2.75 per share by the specialty chemicals company on Tuesday, April 1st. This represents a $11.00 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Monday, March 17th. This is a 10.0% increase from NewMarket’s previous quarterly dividend of $2.50.
NewMarket has raised its dividend by an average of 7.7% annually over the last three years.
NewMarket Stock Up 0.9 %
NEU stock opened at $523.80 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 10.86 and a beta of 0.41. The business’s fifty day moving average price is $522.45 and its two-hundred day moving average price is $534.28. NewMarket has a fifty-two week low of $480.00 and a fifty-two week high of $638.21.
Analysts Set New Price Targets
Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.
Get Our Latest Stock Analysis on NEU
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.
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