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 dividend on an annualized basis and a yield of 1.95%. This is a boost 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 Price Performance
NEU stock opened at $563.14 on Friday. NewMarket has a 1 year low of $480.00 and a 1 year high of $650.00. The firm has a market capitalization of $5.36 billion, a PE ratio of 11.68 and a beta of 0.48. 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 business has a 50 day simple moving average of $517.89 and a 200-day simple moving average of $534.75.
Analysts Set New Price Targets
Separately, StockNews.com lowered NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.
View Our Latest Stock Report on NEU
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.
Featured Stories
- Five stocks we like better than NewMarket
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- 3 Stocks for Your Watchlist: Unlocking Tomorrow’s Winners Today
- What Do S&P 500 Stocks Tell Investors About the Market?
- Why Smart Investors Are Watching These 3 Undervalued Stocks
- What is MarketRank™? How to Use it
- 3 Stocks Breaking Out with More Growth Potential Ahead
Receive News & Ratings for NewMarket Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewMarket and related companies with MarketBeat.com's FREE daily email newsletter.