NewMarket raised its quarterly dividend from $3.00 to $3.25 per share, giving shareholders a larger payment. Future payments need a new board decision each quarter, but the increase supports a favorable read for shareholders.
That means shareholders are set to receive more cash from each share. It shows the board is willing to return more cash now. Each future payment still needs a new board decision, so this does not promise further increases.
Follow NewMarket Corporation (NEU) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for NEU