NewMarket Increases Quarterly Dividend By 11% From $2.25 To $2.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
NewMarket has announced an 11% increase in its quarterly dividend, raising it from $2.25 to $2.50 per share, payable on April 1, 2024, to shareholders of record as of March 15, 2024.
February 22, 2024 | 10:05 pm
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POSITIVE IMPACT
NewMarket's dividend increase from $2.25 to $2.50 per share represents a significant return to its shareholders, indicating strong financial health and confidence in future earnings.
Dividend increases are often viewed positively by the market as they signal a company's strong financial health and confidence in its future earnings. This substantial increase in NewMarket's dividend is likely to attract income-focused investors and could lead to a short-term uptick in NEU's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100