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NewMarket Launches Share Buyback

2:46 PM MDT | July 18, 2012 | Vincent Valk

NewMarket has launched a new share repurchase program that is worth up to $250 million, the company says. The program authorizes the company to buy back shares on the open market until December 31, 2014. It replaces an existing program, which was scheduled to expire at the end of this year. That program, which had $60 million in unused capacity, has been canceled, NewMarket says.   NewMarket has also declared a 75 cts/share dividend, payable on October 1 to shareholders as of September 17.  Shares in NewMarket closed at $229.31 yesterday. The...

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