Newmarket's latest quarterly dividend of $2.5 per share was on Mar 14, 2024 (ex-date). The annualized dividend distribution of $9.25 per share represents a current dividend yield of 1.59%. The latest NEU payment of $2.5 marks a dividend growth of 11%.
NEU has a dividend yield of 1.59% which is lower than the Basic Materials sector and the industry average. In comparison with the Basic Materials sector average of 1.96%, Newmarket's dividend yield is 19% lower. Historically NEU's dividend yield has averaged at 2.1% in the last 5 years, which is higher than the current one.
Newmarket has a dividend history dating as far as 1994, but lately the company has recorded 18 consecutive years of dividend payments. Our records of NEU show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share marks an increase of 10% since twelve months ago. But with the price of the stock up by 59% from a year ago, the dividend yield has a decrease of 30%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2024 | Apr 1, 2024 | Feb 22, 2024 | $2.5 | normal |
| Dec 14, 2023 | Jan 2, 2024 | Oct 26, 2023 | $2.25 | normal |
| Sep 14, 2023 | Oct 2, 2023 | Aug 3, 2023 | $2.25 | normal |
| Jun 14, 2023 | Jul 3, 2023 | Apr 27, 2023 | $2.25 | normal |
| Mar 14, 2023 | Apr 3, 2023 | Feb 23, 2023 | $2.1 | normal |
| Dec 14, 2022 | Jan 3, 2023 | Oct 27, 2022 | $2.1 | normal |
| Sep 14, 2022 | Oct 3, 2022 | Aug 4, 2022 | $2.1 | normal |
| Jun 14, 2022 | Jul 1, 2022 | Apr 28, 2022 | $2.1 | normal |
| Mar 14, 2022 | Apr 1, 2022 | Feb 24, 2022 | $2.1 | normal |
| Dec 14, 2021 | Jan 3, 2022 | Oct 28, 2021 | $2.1 | normal |
| Sep 14, 2021 | Oct 1, 2021 | Aug 5, 2021 | $2.1 | normal |
| Jun 14, 2021 | Jul 1, 2021 | Apr 22, 2021 | $1.9 | normal |
| Mar 12, 2021 | Apr 1, 2021 | Feb 25, 2021 | $1.9 | normal |
| Dec 14, 2020 | Jan 4, 2021 | Oct 22, 2020 | $1.9 | normal |
| Sep 14, 2020 | Oct 1, 2020 | Aug 6, 2020 | $1.9 | normal |
| Jun 12, 2020 | Jul 1, 2020 | Apr 23, 2020 | $1.9 | normal |
| Mar 13, 2020 | Apr 1, 2020 | Feb 27, 2020 | $1.9 | normal |
| Dec 13, 2019 | Jan 2, 2020 | Oct 24, 2019 | $1.9 | normal |
| Sep 13, 2019 | Oct 1, 2019 | Aug 1, 2019 | $1.9 | normal |
| Jun 14, 2019 | Jul 1, 2019 | Apr 25, 2019 | $1.75 | normal |
| Mar 14, 2019 | Apr 1, 2019 | Feb 28, 2019 | $1.75 | normal |
| Dec 14, 2018 | Jan 2, 2019 | Oct 25, 2018 | $1.75 | normal |
| Sep 14, 2018 | Oct 1, 2018 | Aug 9, 2018 | $1.75 | normal |
| Jun 14, 2018 | Jul 2, 2018 | Apr 26, 2018 | $1.75 | normal |
| Mar 14, 2018 | Apr 2, 2018 | Feb 22, 2018 | $1.75 | normal |
| Dec 14, 2017 | Jan 2, 2018 | Oct 26, 2017 | $1.75 | normal |
| Sep 14, 2017 | Oct 2, 2017 | Aug 3, 2017 | $1.75 | normal |
| Jun 13, 2017 | Jul 3, 2017 | Apr 27, 2017 | $1.75 | normal |
| Mar 13, 2017 | Apr 3, 2017 | $1.75 | normal | |
| Dec 13, 2016 | Jan 2, 2017 | $1.6 | normal | |
| Sep 13, 2016 | Oct 1, 2016 | $1.6 | normal | |
| Jun 13, 2016 | Jul 1, 2016 | $1.6 | normal | |
| Mar 11, 2016 | Apr 1, 2016 | Feb 25, 2016 | $1.6 | normal |
NEU has a payout ratio of 22.9% which is lower than the Basic Materials sector and the industry average. If we compare it with the Basic Materials sector average of 32.7%, Newmarket's payout ratio is 30% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CVX Chevron Corp | 3.85% | $6.16 | 54% |
| XOM Exxon Mobil Corp | 3.1% | $3.72 | 41.8% |
| NEU Newmarket Corp | 1.58% | $9.25 | 22.9% |
Yes, Newmarket has paid four dividends in the last twelve months. NEU has been paying dividends since 2006.
At this point we don't have a record of NEU's next dividend date, but based on the current dividend schedule we project that it will likely be in June 2024.
Newmarket's last dividend ex-date was on Mar 14, 2024. The dividend amount was $2.5 per share.
NEU has paid dividend of $9.25 per share in the last year.
Currently Newmarket's dividend yield is 1.59%.
Newmarket pays dividends quarterly.
The dividend payout ratio of Newmarket is 22.9%.
Newmarket's dividend yield is lower than the Basic Materials sector average.