NewMarket Corporation Declares Quarterly Dividend | Business

RICHMOND, Va.–(BUSINESS WIRE)–April 28, 2022–

The board of directors of NewMarket Corporation (NYSE: NEU) has declared a quarterly dividend in the amount of $2.10 per share on the Company’s common stock. The dividend is payable on July 1, 2022 to NewMarket shareholders of record at the close of business on June 15, 2022.

NewMarket Corporation, through its subsidiaries Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends and supplies chemical additives that improve the performance of petroleum products. From custom-formulated additive packages to general market additives, the NewMarket family of companies provides the world with technology to make engines run smoother, machines last longer and fuels burn cleaner.

Certain of the 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 its knowledge of its business and its operations, there can be no assurance that actual results will not differ materially from expectations.

Factors that could cause actual results to differ materially from expectations include, but are not limited to, the availability of raw materials and distribution systems; disruptions in generation facilities, including single-source facilities; risks common to chemical companies; the ability to respond effectively to technological changes in our industry; failure to protect our intellectual property rights; sudden, sharp or prolonged increases in commodity prices; competition from other manufacturers; current and future governmental regulations; the gain or loss of significant customers; inability to attract and retain a highly skilled workforce; a computer system failure or security breach; the occurrence or threat of extraordinary events, including natural disasters, terrorist attacks, wars and health-related epidemics such as the COVID-19 pandemic; risks associated with operating outside the United States; political, economic and regulatory factors affecting our products; the impact of substantial indebtedness on our operational and financial flexibility; the impact of exchange rate fluctuations; resolution of environmental liabilities or legal proceedings; limitation of our insurance cover; our inability to realize expected benefits from investment in our infrastructure or future acquisitions, or our inability to successfully integrate future acquisitions into our business; underperformance of our pension assets resulting in additional cash contributions to our pension plans; and other factors detailed from time to time in reports NewMarket files with the Securities and Exchange Commission, including the Section 1A risk factors. “Risk Factors” of our 2021 Annual Report on Form 10-K, which is available to shareholders upon request.

You should keep in mind that any forward-looking statement made by NewMarket in the foregoing discussion speaks only as of the date such forward-looking statement is 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 undertake no obligation and do not intend to update or revise any forward-looking statements in this discussion after the date hereof, except as required by law. In light of these risks and uncertainties, you should keep in mind that the events described in any forward-looking statements made in this discussion, or elsewhere, may not occur.

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Brian D. Paliotti

Investor Relations

Phone: 804.788.5555

Fax: 804.788.5688

Email: [email protected]



SOURCE: New Market Corporation

Copyright BusinessWire 2022.

PUBLISHED: 04/28/2022 17:00 / DISK: 04/28/2022 17:02

Copyright BusinessWire 2022.

Luisa D. Fuller