Martin Marietta Materials, Inc. (MLM) to Issue Quarterly Dividend of $0.83 on June 30th

Martin Marietta Materials, Inc. (NYSE:MLMGet Free Report) announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Monday, June 1st will be given a dividend of 0.83 per share by the construction company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 1st.

Martin Marietta Materials has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 9 consecutive years. Martin Marietta Materials has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Martin Marietta Materials to earn $22.34 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 14.9%.

Martin Marietta Materials Price Performance

Martin Marietta Materials stock opened at $582.80 on Friday. Martin Marietta Materials has a 12-month low of $525.38 and a 12-month high of $710.97. The stock has a market capitalization of $34.99 billion, a P/E ratio of 13.89, a P/E/G ratio of 2.08 and a beta of 1.13. The firm’s 50-day moving average is $590.95 and its two-hundred day moving average is $621.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11.

Martin Marietta Materials (NYSE:MLMGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the company earned $1.90 EPS. Equities analysts predict that Martin Marietta Materials will post 19.32 earnings per share for the current year.

Martin Marietta Materials Company Profile

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Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.

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Dividend History for Martin Marietta Materials (NYSE:MLM)

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