The Board of Directors at NewMarket Corporation (NYSE: NEU) has approved a quarterly dividend of $2.50 per share for its common stock shareholders. This dividend will be payable on July 1, 2024, to shareholders of record as of June 14, 2024.
NewMarket Corporation functions as a holding company, overseeing its subsidiaries including Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC). Afton and Ethyl specialize in the development, manufacturing, blending, and delivery of chemical additives that enhance petroleum product performance. AMPAC, on the other hand, is dedicated to manufacturing specialty materials primarily utilized in solid rocket motors for the aerospace and defense sectors. The NewMarket family of companies upholds a steadfast commitment to its workforce, safety standards, delivering innovative solutions to customers, and contributing to global betterment.
Certain information disclosed in this press release entails forward-looking statements as per the guidelines of the Private Securities Litigation Reform Act of 1995. While NewMarket’s management holds that these expectations are founded on reasonable assumptions within their understanding of business and operations, there’s no guarantee that actual outcomes won’t diverge significantly from expectations.
Factors that could potentially lead to such deviations include, but are not confined to, the availability of raw materials and distribution networks, disruptions at production facilities (including single-sourced ones), typical hazards associated with chemical industries, adaptability to technological shifts within respective industries, safeguarding intellectual property rights, sudden or prolonged increases in raw material prices, competition from other manufacturers, prevailing and forthcoming governmental regulations, significant customer losses, alterations or terminations of contracts with U.S. government contractors and subcontractors, challenges in attracting and retaining skilled personnel, risks related to IT system failures or security breaches, occurrences or threats of extraordinary events such as natural calamities, terrorist activities, wars, and health-related epidemics, risks associated with international operations, political, economic, and regulatory factors concerning products, impacts of substantial indebtedness on operational and financial flexibility, fluctuations in foreign exchange rates, resolution of environmental liabilities or legal proceedings, limitations in insurance coverage, inability to realize anticipated benefits from infrastructure investments or acquisitions, or failure to seamlessly integrate acquisitions into business operations.
NewMarket regularly files reports with the Securities and Exchange Commission, which detail these risk factors. Shareholders can access these reports, including the risk factors section, from the company’s website.
It’s important to note that any forward-looking statement made by NewMarket in this discussion only reflects the situation as of the statement’s date. Given the emergence of new risks and uncertainties over time, the company does not undertake the obligation to update or revise forward-looking statements in this discussion post the indicated date, except as mandated by law. Considering the outlined risks and uncertainties, it’s prudent to acknowledge that events described in forward-looking statements, whether in this discussion or elsewhere, may not transpire as anticipated.
