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NewMarket Corporation Declares Increased Quarterly Dividend 36% (NEU)

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The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend in the amount of 60 cents per share on the common stock of the Corporation. The dividend is payable July 1, 2011 to NewMarket shareholders of record at the close of business on June 15, 2011. This is an increase of 16 cents per share from the previous level. Thomas E. Gottwald, Chief Executive Officer of NewMarket commented: "Our Board is pleased that we are able to increase our dividend 36% over its previous level. Based on the success of our business and the strength of our cash flow, we are comfortable that this increased dividend payout will allow us to continue to grow and to reinvest in our business, pursue acquisitions and/or repurchase stock. It remains important to us that we reward our long term shareholders by paying a dividend competitive with our specialty chemical peers."

 

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