Newmarket Corporation Raises Dividend by 11%

Newmarket Corporation (NYSE: NEU) has announced an increase in its quarterly dividend, with the board of directors declaring a dividend of $2.50 per share on the common stock of the corporation. This represents a 11% increase from the previous quarterly dividend of $2.25 per share.

Key Points: The new quarterly dividend is $2.50 per share, reflecting an 11% increase from the previous dividend of $2.25 per share. The dividend is payable on April 1, 2024, to shareholders of record at the close of business on March 15, 2024.

About Newmarket Corporation: Newmarket Corporation is a holding company with subsidiaries including Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (Ampac). Afton and Ethyl develop, manufacture, blend, and deliver chemical additives that enhance the performance of petroleum products. * Ampac is a manufacturer of specialty chemicals used in solid rocket motors for the aerospace and defense industries.

Today the company's shares have moved 0.4% to a price of $621.78. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.