Upcoming Dividend • Jun 08
Upcoming dividend of US$3.00 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.7%). Declared Dividend • Apr 27
First quarter dividend of US$3.00 announced Shareholders will receive a dividend of US$3.00. Ex-date: 15th June 2026 Payment date: 1st July 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 25
Newmarket Corporation Declares Dividend, Payable on July 1, 2026 On April 23, 2026, NewMarket Corporation announced that the Company’s Board of Directors had declared a dividend of $3.00 per share of the Company’s common stock, payable on July 1, 2026, to Company shareholders of record at the close of business on June 15, 2026. Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: US$12.62 (vs US$13.26 in 1Q 2025) First quarter 2026 results: EPS: US$12.62 (down from US$13.26 in 1Q 2025). Revenue: US$669.7m (down 4.5% from 1Q 2025). Net income: US$118.1m (down 5.9% from 1Q 2025). Profit margin: 18% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 31
NewMarket Corporation to Report Q1, 2026 Results on Apr 22, 2026 NewMarket Corporation announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 Announcement • Mar 13
NewMarket Corporation, Annual General Meeting, Apr 23, 2026 NewMarket Corporation, Annual General Meeting, Apr 23, 2026. Location: the foundry building, 500 tredegar, st., richmond, virginia, United States Declared Dividend • Mar 02
Fourth quarter dividend of US$3.00 announced Shareholders will receive a dividend of US$3.00. Ex-date: 16th March 2026 Payment date: 1st April 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 20
NewMarket Corporation Appoints Susan M. Ridlehoover as Principal Accounting Officer, Effective February 18, 2026 On February 18, 2026, NewMarket Corporation appointed Susan M. Ridlehoover to serve as Principal Accounting Officer, effective February 18, 2026. Mrs. Ridlehoover, age 45, has over 20 years of accounting and finance experience and joined the Company as Controller in January 2026. Immediately prior to joining the Company, Mrs. Ridlehoover served as Senior Director, Corporate Controller at Sonoco Products Company Inc. (Sonoco). Mrs. Ridlehoover joined Sonoco in January 2023 and served in various roles leading Technical Accounting and Integration Management. Before joining Sonoco, Mrs. Ridlehoover served in a variety of accounting roles at Dominion Energy Inc. from 2015 to 2022. Mrs. Ridlehoover spent 10 years with Ernst & Young focusing on assurance services before transitioning to industry roles and is a licensed Certified Public Accountant in the Commonwealth of Virginia. Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: US$44.44 (vs US$48.22 in FY 2024) Full year 2025 results: EPS: US$44.44 (down from US$48.22 in FY 2024). Revenue: US$2.73b (down 2.2% from FY 2024). Net income: US$418.7m (down 9.1% from FY 2024). Profit margin: 15% (down from 17% in FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Announcement • Jan 16
NewMarket Corporation to Report Q4, 2025 Results on Feb 11, 2026 NewMarket Corporation announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Upcoming Dividend • Dec 08
Upcoming dividend of US$3.00 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (2.2%). Announcement • Nov 06
Newmarket Corporation Announces Executive Changes On October 31, 2025, NewMarket Corporation (the Company) received notice that Ann P. Pietrantoni, the Company’s Controller and Principal Accounting Officer, is resigning from the Company to pursue other opportunities. Mrs. Pietrantoni’s last day with the Company will be November 26, 2025. Her resignation is not the result of any dispute or disagreement with the Company on any matter relating to the Company’s operations, policies or practices.Upon Mrs. Pietrantoni’s departure, Timothy K. Fitzgerald, the Company’s Vice President and Chief Financial Officer, will assume the role of the Company’s Principal Accounting Officer on an interim basis. Declared Dividend • Nov 03
Third quarter dividend of US$3.00 announced Shareholders will receive a dividend of US$3.00. Ex-date: 15th December 2025 Payment date: 2nd January 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: US$10.67 (vs US$13.79 in 3Q 2024) Third quarter 2025 results: EPS: US$10.67 (down from US$13.79 in 3Q 2024). Revenue: US$690.3m (down 4.8% from 3Q 2024). Net income: US$99.9m (down 24% from 3Q 2024). Profit margin: 14% (down from 18% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
NewMarket Corporation Declares Increased Quarterly Dividend on the Common Stock, Payable January 2, 2026 The Board of Directors of NewMarket Corporation declared a quarterly dividend in the amount of $3.00 per share on the common stock of the Corporation, an increase of $0.25 as compared to the last quarterly dividend of $2.75 per share. The increase represents an approximate 9% increase over the current dividend. The dividend is payable January 2, 2026, to NewMarket shareholders of record at the close of business on December 15, 2025. Announcement • Oct 03
NewMarket Corporation to Report Q3, 2025 Results on Oct 30, 2025 NewMarket Corporation announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Announcement • Sep 18
NewMarket Corporation (NYSE:NEU) entered into a definitive agreement to acquire Calca Solutions, LLC from AE Industrial Partners, LP. NewMarket Corporation (NYSE:NEU) entered into a definitive agreement to acquire Calca Solutions, LLC from AE Industrial Partners, LP on September 17, 2025. NewMarket expects to finance the acquisition with available cash and borrowings under its revolving credit facility.
The transaction is expected to close in 2025, subject to the satisfaction or waiver of customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Upcoming Dividend • Sep 08
Upcoming dividend of US$2.75 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 01 October 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.9%). Declared Dividend • Aug 11
Second quarter dividend of US$2.75 announced Shareholders will receive a dividend of US$2.75. Ex-date: 15th September 2025 Payment date: 1st October 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 08
Newmarket Corporation Declares Quarterly Dividend, Payable on October 1, 2025 The Board of Directors of NewMarket Corporation declared a quarterly dividend in the amount of $2.75 per share on the common stock of the Corporation. The dividend is payable October 1, 2025, to NewMarket shareholders of record at the close of business on September 15, 2025. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: US$11.84 (vs US$11.63 in 2Q 2024) Second quarter 2025 results: EPS: US$11.84 (up from US$11.63 in 2Q 2024). Revenue: US$698.5m (down 1.7% from 2Q 2024). Net income: US$111.2m (flat on 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 32% per year. Announcement • Jul 02
NewMarket Corporation to Report Q2, 2025 Results on Jul 30, 2025 NewMarket Corporation announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Upcoming Dividend • Jun 09
Upcoming dividend of US$2.75 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.1%). Declared Dividend • Apr 28
First quarter dividend of US$2.75 announced Shareholders will receive a dividend of US$2.75. Ex-date: 16th June 2025 Payment date: 1st July 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 25
NewMarket Corporation Announces Second Quarterly Dividend, Payable July 1, 2025 The Board of Directors of NewMarket Corporation declared a second quarterly dividend in the amount of $2.75 per share on the common stock of the Corporation. The dividend is payable July 1, 2025, to NewMarket shareholders of record at the close of business on June 16, 2025. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: US$13.26 (vs US$11.23 in 1Q 2024) First quarter 2025 results: EPS: US$13.26 (up from US$11.23 in 1Q 2024). Revenue: US$700.9m (flat on 1Q 2024). Net income: US$125.9m (up 17% from 1Q 2024). Profit margin: 18% (up from 15% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Apr 01
NewMarket Corporation to Report Q1, 2025 Results on Apr 23, 2025 NewMarket Corporation announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Announcement • Mar 13
NewMarket Corporation, Annual General Meeting, Apr 24, 2025 NewMarket Corporation, Annual General Meeting, Apr 24, 2025. Location: the foundry building, 500 tredegar st., virginia 23219, richmond United States Declared Dividend • Mar 03
Fourth quarter dividend increased to US$2.75 Dividend of US$2.75 is 10% higher than last year. Ex-date: 17th March 2025 Payment date: 1st April 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 28
NewMarket Corporation Increases Quarterly Dividend, Payable on April 1, 2025 The Board of Directors of NewMarket Corporation declared a quarterly dividend in the amount of $2.75 per share on the common stock of the Corporation, an increase of $0.25, or 10%, as compared to the last quarterly dividend of $2.50 per share. The dividend is payable April 1, 2025, to NewMarket shareholders of record at the close of business on March 17, 2025. Reported Earnings • Feb 04
Full year 2024 earnings released: EPS: US$48.22 (vs US$40.44 in FY 2023) Full year 2024 results: EPS: US$48.22 (up from US$40.44 in FY 2023). Revenue: US$2.79b (up 3.3% from FY 2023). Net income: US$462.4m (up 19% from FY 2023). Profit margin: 17% (up from 14% in FY 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jan 04
NewMarket Corporation to Report Q4, 2024 Results on Feb 03, 2025 NewMarket Corporation announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Feb 03, 2025 Announcement • Dec 17
NewMarket Corporation Announces the Election of Bryce D. Jewett III as Executive Vice President and General Counsel, Effective January 1, 2025 NewMarket Corporation announced that Bryce D. Jewett III has been elected Executive Vice President and General Counsel, effective January 1, 2025. He had previously been serving as Vice President and General Counsel of the Company. Prior to joining the Company in 2020, Mr. Jewett was a Partner at McGuireWoods LLP where his practice focused on Mergers and Acquisitions. Announcement • Dec 13
NewMarket Corporation (NYSE:NEU) announces an Equity Buyback for $500 million worth of its shares. NewMarket Corporation (NYSE:NEU) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its shares. The repurchase program will expire on December 31, 2027. Upcoming Dividend • Dec 09
Upcoming dividend of US$2.50 per share Eligible shareholders must have bought the stock before 16 December 2024. Payment date: 02 January 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (2.0%). Declared Dividend • Oct 28
Third quarter dividend of US$2.50 announced Shareholders will receive a dividend of US$2.50. Ex-date: 16th December 2024 Payment date: 2nd January 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 25
NewMarket Corporation Declares Quarterly Dividend, Payable on January 2, 2025 The Board of Directors of NewMarket Corporation declared a quarterly dividend of $2.50 per share of the Company’s common stock, payable on January 2, 2025, to Company shareholders of record at the close of business on December 16, 2024. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$13.79 (vs US$11.60 in 3Q 2023) Third quarter 2024 results: EPS: US$13.79 (up from US$11.60 in 3Q 2023). Revenue: US$724.9m (up 8.7% from 3Q 2023). Net income: US$132.3m (up 19% from 3Q 2023). Profit margin: 18% (up from 17% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Oct 04
NewMarket Corporation Announces Chief Financial Officer Changes NewMarket Corporation announced that William J. Skrobacz is stepping down from his role as Chief Financial Officer of the Company effective December 31, 2024, as he intends to retire from the Company in 2025. Since joining the Company over 13 years ago, Mr. Skrobacz has served in a variety of finance and accounting roles of increasing responsibility, culminating in his appointment as Vice President and Chief Financial Officer in January 2023. Prior to becoming Vice President and Chief Financial Officer, Mr. Skrobacz’s roles included: Senior Manager, Business Assurance, Controller Designate and Principal Accounting Officer and Controller. The Company also announced that Timothy K. Fitzgerald will succeed Mr. Skrobacz as Chief Financial Officer, effective January 1, 2025. Mr. Fitzgerald, age 47, joined the Company approximately 10 years ago as Operations Finance Director, and he has over 20 years of finance and accounting experience. He was appointed as the Company’s Treasurer and Finance Director in January of 2024. Announcement • Oct 01
NewMarket Corporation to Report Q3, 2024 Results on Oct 23, 2024 NewMarket Corporation announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Upcoming Dividend • Sep 09
Upcoming dividend of US$2.50 per share Eligible shareholders must have bought the stock before 16 September 2024. Payment date: 01 October 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (2.0%). Recent Insider Transactions • Aug 15
Insider recently sold US$691k worth of stock On the 9th of August, Bruce Hazelgrove sold around 1k shares on-market at roughly US$544 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$5.6m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 12
Insider notifies of intention to sell stock Bruce Hazelgrove intends to sell 1k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of August. If the sale is conducted around the recent share price of US$544, it would amount to US$691k. Since March 2024, Bruce has owned 233.47k shares directly. Company insiders have collectively sold US$4.9m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Aug 12
Second quarter dividend of US$2.50 announced Shareholders will receive a dividend of US$2.50. Ex-date: 16th September 2024 Payment date: 1st October 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 09
NewMarket Corporation Declares Quarterly Dividend, Payable on October 1, 2024 Board of Directors of NewMarket Corporation declared a quarterly dividend in the amount of $2.50 per share on the common stock of the Corporation. The dividend is payable October 1, 2024, to the company shareholders of record at the close of business on September 16, 2024. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: US$11.63 (vs US$10.37 in 2Q 2023) Second quarter 2024 results: EPS: US$11.63 (up from US$10.37 in 2Q 2023). Revenue: US$710.2m (up 3.7% from 2Q 2023). Net income: US$111.6m (up 12% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
NewMarket Corporation to Report Q2, 2024 Results on Jul 29, 2024 NewMarket Corporation announced that they will report Q2, 2024 results After-Market on Jul 29, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of US$2.50 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.7%). In line with average of industry peers (1.9%). Declared Dividend • Apr 29
First quarter dividend of US$2.50 announced Shareholders will receive a dividend of US$2.50. Ex-date: 14th June 2024 Payment date: 1st July 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 22% over the next 3 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range. Announcement • Apr 27
NewMarket Corporation Declares Quarterly Dividend, Payable on July 1, 2024 The Board of Directors of NewMarket Corporation declared a quarterly dividend in the amount of $2.50 per share on the common stock of the Corporation. The dividend is payable July 1, 2024 to NewMarket shareholders of record at the close of business on June 14, 2024. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$11.23 (vs US$10.09 in 1Q 2023) First quarter 2024 results: EPS: US$11.23 (up from US$10.09 in 1Q 2023). Revenue: US$696.7m (flat on 1Q 2023). Net income: US$107.7m (up 11% from 1Q 2023). Profit margin: 16% (up from 14% in 1Q 2023). Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Chemicals industry in the US are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Apr 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.2% per year for the foreseeable future. Minor Risks High level of debt (49% net debt to equity). Significant insider selling over the past 3 months (US$5.2m sold). Announcement • Mar 29
NewMarket Corporation to Report Q1, 2024 Results on Apr 24, 2024 NewMarket Corporation announced that they will report Q1, 2024 results After-Market on Apr 24, 2024 Announcement • Mar 12
NewMarket Corporation, Annual General Meeting, Apr 25, 2024 NewMarket Corporation, Annual General Meeting, Apr 25, 2024, at 10:00 Eastern Daylight. Location: The Foundry Building, 500 Tredegar St., Richmond Richmond Virginia United States Agenda: To elect each of the seven director nominees named in this proxy statement for a one-year term or until his or her successor is duly elected and qualified; to ratify the appointment of PricewaterhouseCoopers LLP as NewMarket’s independent registered public accounting firm for the fiscal year ending December 31, 2024; to consider and act on an advisory vote regarding the approval of the compensation paid to certain executive officers; and to consider other matters. Recent Insider Transactions • Mar 08
Chairman recently sold US$2.9m worth of stock On the 4th of March, Thomas Gottwald sold around 4k shares on-market at roughly US$646 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Upcoming Dividend • Mar 07
Upcoming dividend of US$2.50 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 01 April 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (1.9%). Declared Dividend • Feb 26
Fourth quarter dividend of US$2.50 announced Shareholders will receive a dividend of US$2.50. Ex-date: 14th March 2024 Payment date: 1st April 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 23
NewMarket Corporation Declares Quarterly Dividend, Payable on April 1, 2024 The Board of Directors of NewMarket Corporation declared a quarterly dividend in the amount of $2.50 per share on the common stock of the Corporation, an increase of $0.25, or approximately 11%, as compared to the last quarterly dividend of $2.25 per share. The dividend is payable on April 1, 2024, to company's shareholders of record at the close of business on March 15, 2024. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: US$40.44 (vs US$27.77 in FY 2022) Full year 2023 results: EPS: US$40.44 (up from US$27.77 in FY 2022). Revenue: US$2.70b (down 2.4% from FY 2022). Net income: US$388.9m (up 40% from FY 2022). Profit margin: 14% (up from 10% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
NewMarket Corporation (NYSE:NEU) completed the acquisition of American Pacific Corporation from AE Industrial Partners, LP. NewMarket Corporation (NYSE:NEU) entered into a definitive purchase agreement to acquire American Pacific Corporation from AE Industrial Partners, LP for approximately $700 million on December 1, 2023. NewMarket expects to finance the acquisition with available cash and borrowings under its revolving credit facility. The closing is conditioned upon the satisfaction or waiver of customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The Purchase Agreement and the Acquisition have been approved by the NewMarket’s board of directors and do not require the approval of the NewMarket’s shareholders. The transaction is expected to close during the first quarter of 2024. Matthew Arenson, Jeffrey Swatzell, Andrew Struckmeyer, Doug Gessner, Jeremy Liss, Rachel Cantor, Steven Cantor, Aaron Lorber, Jeffrey Seroogy, Jeffrey Quinn, Joshua Faulkner, Michael Falk, Jabir Yusoff, Sydney Jones, Christian Semonsen, Boyd Greene, Mario Mancuso, Luci Hague, Michelle Kilkenney, Carolyn Aiken, Mike Thorpe, Scott Scheele, Mark Gardner and Donna Peel of Kirkland & Ellis LLP acted as legal advisors to AE Industrial Partners and American Pacific Corporation.NewMarket Corporation (NYSE:NEU) completed the acquisition of American Pacific Corporation from AE Industrial Partners, LP on January 16, 2024. AMPAC will be managed as a separate business segment and not a part of our petroleum additives segment. AMPAC will be accretive to net income in 2024. Announcement • Dec 30
NewMarket Corporation to Report Q4, 2023 Results on Jan 31, 2024 NewMarket Corporation announced that they will report Q4, 2023 results After-Market on Jan 31, 2024 Upcoming Dividend • Dec 07
Upcoming dividend of US$2.25 per share at 1.7% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 02 January 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.1%). Announcement • Dec 05
NewMarket Corporation (NYSE:NEU) entered into a definitive purchase agreement to acquire American Pacific Corporation for approximately $700 million. NewMarket Corporation (NYSE:NEU) entered into a definitive purchase agreement to acquire American Pacific Corporation for approximately $700 million on December 1, 2023. NewMarket expects to finance the acquisition with available cash and borrowings under its revolving credit facility. The closing is conditioned upon the satisfaction or waiver of customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The Purchase Agreement and the Acquisition have been approved by the NewMarket’s board of directors and do not require the approval of the NewMarket’s shareholders. The transaction is expected to close during the first quarter of 2024. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$11.60 (vs US$6.32 in 3Q 2022) Third quarter 2023 results: EPS: US$11.60 (up from US$6.32 in 3Q 2022). Revenue: US$667.2m (down 4.2% from 3Q 2022). Net income: US$111.2m (up 77% from 3Q 2022). Profit margin: 17% (up from 9.1% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Oct 05
NewMarket Corporation to Report Q3, 2023 Results on Oct 25, 2023 NewMarket Corporation announced that they will report Q3, 2023 results After-Market on Oct 25, 2023