NewMarket Corporation (NEU) will raise its quarterly dividend by 8.6 percent to $1.90 per share in 2019. Two year ago the chemicals maker last raised its dividend, with a 9.4 percent increase.

The next dividend is payable October 1, 2019 to NewMarket shareholders of record at the close of business on September 16, 2019. A new annual rate of $7.60 per share yields 1.7% at a stock price of $448.

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 additive packages to market-general additives, the NewMarket family of companies provides the world with the technology to make engines run smoother, machines last longer, and fuels burn cleaner.