NewMarket Corporation’s board approved an approximately 8% increase in the company’s quarterly dividend, lifting it to $3.25 per share from $3.00. The increase raises the annualized payout to $13 per share from $12.
The Richmond-based company is a holding company whose subsidiaries make chemical additives and specialty materials, including products for aerospace and defense applications.
Key details
- The new quarterly dividend is $3.25 per share, an increase of 25 cents from the previous payment.
- The dividend is payable January 1, 2027, to shareholders of record at the close of business on December 15, 2026.
- At the new rate, the dividend amounts to $13 per share annually, compared with $12 at the prior rate.
- The board determines and declares future dividends quarterly, so the new rate does not guarantee that later payments will remain unchanged.
What changes for investors
Shareholders who qualify for the January payment will receive 25 cents more per share than under the previous quarterly rate. The higher annualized amount reflects the board’s current dividend decision; future payments remain subject to separate quarterly decisions.