Newmarket Corp has split its stock 7 times since its initial public offering (IPO). The first stock split occurred on January 03, 1978 with the ratio of 2-for-1, meaning that for 1 share of NEU owned pre-split, shareholders then owned 2 shares. 6 more splits have been implemented since then. The most recent stock split took place on July 01, 2002 on a 1-for-5 basis.
These splits have increased NEU stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Newmarket Corp's total market capitalization.
For more detailed information of Newmarket Corp's stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Newmarket Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when NEU stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Newmarket Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
