Newmarket (NEU) Raises Quarterly Dividend 14.3% to $1.60; $500M Buyback Plan
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NewMarket Corporation Declares a 14% Increase in the Quarterly Dividend and a New Stock Repurchase Authorization
October 21, 2015 5:00 PM EDTRICHMOND, Va.--(BUSINESS WIRE)-- The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend in the amount of $1.60 per share on the common stock of the Corporation. The dividend is payable January 1, 2016 to NewMarket shareholders of record at the close of business on December 15, 2015. This raises our dividend by 20 cents per share, which represents a 14% increase from the previous payment.
The Board of Directors approved a new share repurchase program and authorized management to repurchase up to $500 million of NewMarkets outstanding common stock until December 31, 2018, as market conditions... More
