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NewMarket (NewMarket) 3-Year Dividend Growth Rate

: 5.20% (As of Dec. 2023)
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NewMarket's Dividends per Share for the three months ended in Dec. 2023 was $2.25.

The historical rank and industry rank for NewMarket's 3-Year Dividend Growth Rate or its related term are showing as below:

NEU' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -34.1   Med: 6.5   Max: 81.7
Current: 5.2

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of NewMarket was 81.70% per year. The lowest was -34.10% per year. And the median was 6.50% per year.

NEU's 3-Year Dividend Growth Rate is ranked worse than
60.26% of 697 companies
in the Chemicals industry
Industry Median: 9.1 vs NEU: 5.20

During the past 12 months, NewMarket's average Dividends Per Share Growth Rate was 5.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

NewMarket's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.27. As of today, NewMarket's Dividend Yield % is 1.58%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Specialty Chemicals subindustry, NewMarket's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NewMarket 3-Year Dividend Growth Rate Distribution

For the Chemicals industry and Basic Materials sector, NewMarket's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where NewMarket's 3-Year Dividend Growth Rate falls into.



NewMarket 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


NewMarket  (NYSE:NEU) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

NewMarket's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=2.25/ 8.38
=0.27

During the past 13 years, the highest Dividend Payout Ratio of NewMarket was 0.45. The lowest was 0.22. And the median was 0.31.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

NewMarket Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 2.5002024-03-142024-03-152024-04-01Cash DividendquarterlyUSD:USD 1.000000
USD 2.2502023-12-142023-12-152024-01-02Cash DividendquarterlyUSD:USD 1.000000
USD 2.2502023-09-142023-09-152023-10-02Cash DividendquarterlyUSD:USD 1.000000
USD 2.2502023-06-142023-06-152023-07-03Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

NewMarket's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=9.25/583.38
=1.59 %

Current Share Price is $583.38.
NewMarket's Dividends per Share for the trailing twelve months (TTM) ended in Today is $9.25.

During the past 13 years, the highest Dividend Yield of NewMarket was 2.98%. The lowest was 0.97%. And the median was 1.63%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NewMarket 3-Year Dividend Growth Rate Related Terms>


NewMarket (NewMarket) Business Description

Industry
Traded in Other Exchanges
Address
330 South Fourth Street, Richmond, VA, USA, 23219-4350
NewMarket Corp is a holding company that, through its subsidiaries, manufactures and sells petroleum additives. Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. It comprises two broad product applications. Lubricant additives are formulated chemical solutions that, when blended with base fluids, improve the efficiency, durability, performance, and functionality of mineral oils, synthetic oils, and biodegradable fluids. Fuel additives are chemical components that help oil refiners meet fuel specifications or formulated packages that improve the performance of gasoline, diesel, biofuels, and other fuels. More revenue comes from the United States than any other geographic region.
Executives
Lowell Simmons Ukrop director 330 SOUTH 4TH ST, RICHMOND VA 23219
James E Rogers director 1021 EAST CARY STREET, PO BOX 2350, RICHMOND VA 23218-2350
Gail Ridgeway officer: Controller 330 SOUTH 4TH STREET, RICHMOND VA 23219
Ting Xu director 330 S 4TH ST, RICHMOND VA 23219
Jewett Bryce Dickinson Iii officer: VP and General Counsel 330 SOUTH 4TH STREET, RICHMOND VA 23219
Hazelgrove Bruce R Iii officer: VP - Corporate Resources 330 SOUTH FOURTH STREET, RICHMOND VA 23219
Thomas E Gottwald director, officer: President & CEO 330 SOUTH FOURTH STREET, RICHMOND VA 23219
Regina A Harm officer: President Afton Chemical Corp 330 SOUTH FOURTH STREET, RICHMOND VA 23219
Cameron D. Warner officer: Treasurer 330 SOUTH FOURTH STREET, RICHMOND VA 23219
Robert A. Shama officer: President Afton Chemical Corp 330 SOUTH FOURTH STREET, RICHMOND VA 23219
Harris H Hiter Iii director 330 SOUTH FOURTH STREET, RICHMOND VA 23219-4350
Brian D Paliotti officer: Vice President & CFO 330 SOUTH 4TH STREET, RICHMOND VA 23219
David A Fiorenza officer: Vice President and Treasurer
William J Skrobacz officer: Controller 330 SOUTH FOURTH STREET, RICHMOND VA 23219
Patrick D Hanley director 1000 SEMMES AVE, RICHMOND VA 23224