Newmarket Corporation announces quarterly dividend
Newmarket Corporation announces quarterly dividend
The board of directors of NewMarket Corporation (NYSE:NEU) declared a quarterly dividend on the corporation’s common stock in the amount of $2.10 per share. The dividend is payable on July 1, 2022 to Newmarket shareholders at the close of business on June 15, 2022.
NewMarket Corporation, through its subsidiaries Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends and distributes chemical additives that enhance the performance of petroleum products. From custom-made additive packages to market-general additives, the Newmarket family of companies brings the world the technology to make engines run smoother, machines last longer, and fuel burns cleaner.
Certain information contained in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Newmarket’s management believes that its expectations are based on reasonable assumptions within the limits of knowledge of its business and operations, no assurance can be given that actual results will not differ materially from expectations. Will be
Factors that could cause actual results to differ materially from expectations include, but are not limited to, the availability of raw materials and delivery systems; disruption of production facilities, including single-source facilities; common hazards to chemical businesses; Ability to effectively respond to technological changes in our industry; failure to protect our intellectual property rights; a sudden, sharp or prolonged increase in the price of raw materials; competition from other manufacturers; current and future government regulations; profit or loss of important customers; failure to attract and retain a highly-qualified workforce; an information technology system failure or security breach; the occurrence or threat of extraordinary events, including natural disasters, terrorist attacks, wars and health-related pandemics such as the COVID-19 pandemic; risks related to operating outside the United States; political, economic and regulatory factors related to our products; the impact of substantial indebtedness on our operational and financial flexibility; the effect of fluctuating foreign exchange rates; settlement of environmental liabilities or legal proceedings; the extent of our insurance coverage; our inability to obtain expected returns from investments in our infrastructure or from future acquisitions, or our inability to successfully integrate future acquisitions into our business; Poor performance of our pension assets resulted in additional cash contributions to our pension plans; And other factors are detailed in the report from time to time that Newmarket has filed with the Securities and Exchange Commission, including the risk factors in item 1a. The “Risk Factors” of our 2021 Annual Report on Form 10-K, which is available to shareholders upon request.
You should note that any forward-looking statements made by Newmarket in the foregoing discussion refer only to the date on which such forward-looking statements are made. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We have no obligation, and do not intend, to update or revise forward-looking statements in this discussion, except as required by law. In light of these risks and uncertainties, you should note that the events described in this discussion or in any forward-looking statements made elsewhere may not occur.
For investor information:
Brian D. Paliotti
investor relations
Phone:
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Email: Investor
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