The Board of Directors of NewMarket Corporation has announced a quarterly dividend of $2.50 per share on its common stock. This dividend will be payable on January 2, 2025, to shareholders on record as of the close of business on December 16, 2024.
NewMarket Corporation operates as a holding company with subsidiaries including Afton Chemical Corporation, Ethyl Corporation, and American Pacific Corporation (AMPAC). Afton and Ethyl specialize in developing, manufacturing, blending, and delivering chemical additives that enhance the performance of petroleum products. AMPAC focuses on producing specialty materials primarily used in solid rocket motors for the aerospace and defense sectors. NewMarket and its subsidiaries are committed to their workforce, prioritizing safety, delivering innovative solutions to customers, and contributing positively to the world.
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. While management believes these expectations are based on reasonable assumptions regarding the company’s operations, actual results may differ significantly from these projections.
Several factors may cause actual results to vary, including but not limited to:
- Availability of raw materials and distribution networks
- Disruptions at production facilities, particularly those that are single-sourced
- Industry-related hazards typical of chemical businesses
- Ability to adapt to technological advancements
- Protection of intellectual property rights
- Significant price increases for raw materials
- Competitive pressures from other manufacturers
- Existing and future governmental regulations
- Loss of major customers or changes to contracts with U.S. government contractors
- Challenges in attracting and retaining skilled personnel
- Information technology system failures or security breaches
- Extraordinary events such as natural disasters, terrorist activities, or health crises
- Risks associated with international operations
- Political, economic, and regulatory influences on products
- Effects of substantial debt on operational flexibility
- Currency exchange rate fluctuations
- Environmental liabilities or ongoing legal proceedings
- Limitations on insurance coverage
- Challenges in realizing expected benefits from infrastructure investments or acquisitions
- Underperformance of pension assets leading to additional contributions
- Other factors outlined in reports filed with the Securities and Exchange Commission, including risk factors in Part I, Item 1A, “Risk Factors,” of the Annual Report on Form 10-K for the year ended December 31, 2023, and Part II, Item 1A, “Risk Factors,” of the Quarterly Report on Form 10-Q for the period ending September 30, 2024, available to shareholders at www.newmarket.com.
Please note that any forward-looking statements made by NewMarket are relevant only as of the date they are issued. New risks and uncertainties may emerge, and predicting these events or their impact on the company is not feasible. NewMarket does not intend to update or revise any forward-looking statements made in this discussion after their release, except as legally required. Given these risks and uncertainties, keep in mind that the events described in forward-looking statements may not materialize.
