A quarterly dividend of $2.50 per share on NewMarket Corporation’s common stock has been declared by the Board of Directors of the company (NYSE: NEU). To NewMarket shareholders of record as of June 14, 2024, the close of business, the dividend is payable on July 1, 2024.
American Pacific Corporation (AMPAC), Ethyl Corporation (Ethyl), and Afton Chemical Corporation (Afton) are the subsidiaries of NewMarket Corporation, a holding company. Enhancing the performance of petroleum products, the Afton and Ethyl companies create, produce, mix, and distribute chemical additives. AMPAC produces speciality materials for the aerospace and defense industries, which are mostly utilized in solid rocket motors. The companies that make up the NewMarket family of brands are dedicated to improving the world, protecting people, and offering cutting-edge solutions to their clients.
The Private Securities Litigation Reform Act of 1995 permits certain information in this press release to be considered forward-looking statements. It is not possible to guarantee that actual results won’t materially deviate from expectations, even though NewMarket’s management feels that its expectations are based on reasonable assumptions given its understanding of its business and operations.
The following are some examples of factors that could cause actual results to differ materially from expectations: the availability of raw materials and distribution systems; disruptions at production facilities, including those that are single-sourced; hazards typical of chemical businesses; the ability to effectively respond to technological changes in our industries; the failure to protect our intellectual property rights; the price fluctuations in raw material prices that are abrupt, severe, or protracted; rivalry among producers; existing and upcoming legal restrictions;
losing large clients; ending or altering agreements with U.S. government contractors and subcontractors or directly with the U.S. government; the inability to draw in and keep a highly skilled staff; a security breach or breakdown of an information technology system; the possibility of unusual events occurring, such as wars, natural disasters, terrorist attacks, or health-related epidemics; the risks associated with conducting business outside of the United States; political, economic, and regulatory factors pertaining to our products;
substantial debt’s impact on our ability to operate and make financial decisions; foreign exchange rate fluctuations; handling of environmental liabilities or legal proceedings; insurance coverage limitations; our inability to successfully integrate acquisitions into our business or realize the anticipated benefits from investments in our infrastructure or acquisitions; the underperformance of our pension assets, which necessitates additional cash contributions to our pension plans; as well as additional elements sporadically mentioned in documents that NewMarket submits to the Securities and Exchange Commission, such as the risk factors in Item
1A. Part II and “Risk Factors” of our Form 10-K and 2023 Annual Report. All shareholders can access our Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, by visiting www.newmarket.com, and looking for Item 1A, “Risk Factors”.
Remember that any forward-looking statement that NewMarket makes in the discussion above is only valid as of the date that it is made. There will occasionally be new risks and uncertainties, and we cannot foresee these things or how they will impact the Company. After this date, we have no obligation to update or amend the forward-looking statements in this discussion, unless it becomes necessary to comply with legal requirements. You should be aware that the events indicated in any forward-looking statement made in this discussion or elsewhere may not come to pass in light of these risks and uncertainties.