NewMarket Raises Quarterly Dividend 2.8% to $2.55 Per Share
NewMarket Corporation increased its quarterly dividend by seven cents to $2.55 per share, payable April 15 to shareholders of record March 31. This marks the company’s 29th consecutive annual dividend increase, boosting its annual yield to 2.9% based on current payout.
1. Dividend Increase Details
NewMarket Corporation announced a raise in its quarterly dividend from $2.48 to $2.55 per share, representing a 2.8% increase. The dividend will be paid on April 15 to shareholders of record as of March 31, enhancing cash returns to investors.
2. Historical Dividend Growth
This marks the 29th consecutive annual dividend increase for NewMarket, reflecting a steady capital return policy maintained since the late 1990s. The company has prioritized consistent shareholder payouts alongside investments in its chemical additives business.
3. Yield and Investor Impact
At the new rate, NewMarket’s annualized dividend yield rises to approximately 2.9% based on its recent payout level. The modest boost may attract income-focused investors and underscore confidence in the company’s cash flow stability.