Eagle Materials Inc (NYSE:EXP – Get Free Report) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Monday, September 14th will be given a dividend of 0.25 per share by the construction company on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 14th.
Eagle Materials has increased its dividend by an average of 0.6%annually over the last three years. Eagle Materials has a dividend payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Eagle Materials to earn $14.34 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.0%.
Eagle Materials Trading Up 0.5%
NYSE EXP opened at $215.76 on Wednesday. Eagle Materials has a 12 month low of $171.99 and a 12 month high of $245.53. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17. The stock’s fifty day moving average price is $215.66 and its 200-day moving average price is $210.29. The stock has a market cap of $6.62 billion, a P/E ratio of 17.06 and a beta of 1.38.
About Eagle Materials
Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.
Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.
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