NewMarket Corporation Declares Increased Quarterly Dividend
2011年4月21日 - 5:01AM
ビジネスワイヤ(英語)
The Board of Directors of NewMarket Corporation (NYSE:NEU)
declared a quarterly dividend in the amount of 60 cents per share
on the common stock of the Corporation. The dividend is payable
July 1, 2011 to NewMarket shareholders of record at the close of
business on June 15, 2011. This is an increase of 16 cents per
share from the previous level. Thomas E. Gottwald, Chief Executive
Officer of NewMarket commented: "Our Board is pleased that we are
able to increase our dividend 36% over its previous level. Based on
the success of our business and the strength of our cash flow, we
are comfortable that this increased dividend payout will allow us
to continue to grow and to reinvest in our business, pursue
acquisitions and/or repurchase stock. It remains important to
us that we reward our long term shareholders by paying a dividend
competitive with our specialty chemical peers."
NewMarket Corporation through its subsidiaries, Afton Chemical
Corporation and Ethyl Corporation, develops, manufactures, blends,
and delivers chemical additives that enhance the performance of
petroleum products. From custom-formulated chemical blends to
market-general additive components, the NewMarket family of
companies provides the world with the technology to make fuels burn
cleaner, engines run smoother and machines last longer.
Some 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 its expectations are based on
reasonable assumptions within the bounds of its knowledge of its
business and 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: availability of
raw materials and transportation systems; supply disruptions at
single sourced facilities; ability to respond effectively to
technological changes in our industry; failure to protect our
intellectual property rights; hazards common to chemical
businesses; occurrence or threat of extraordinary events, including
natural disasters and terrorist attacks; competition from other
manufacturers; sudden or sharp raw materials price increases; gain
or loss of significant customers; risks related to operating
outside of the United States; the impact of fluctuations in foreign
exchange rates; political, economic, and regulatory factors
concerning our products; future governmental regulation; resolution
of environmental liabilities or legal proceedings; inability to
complete recent or future acquisitions or successfully integrate
recent or future acquisitions into our business and other factors
detailed from time to time in the reports that NewMarket files with
the Securities and Exchange Commission, including the risk factors
in Item 1A, “Risk Factors” of our 2010 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
on which such forward-looking statement is made. New risks and
uncertainties come up from time to time, and it is impossible for
us to predict these events or how they may affect the company. We
have no duty to, and do not intend to, update or revise the
forward-looking statements in this discussion after the date
hereof, except as may be required by law. In light of these risks
and uncertainties, you should keep in mind that the events
described in any forward-looking statement made in this discussion,
or elsewhere, might not occur.
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