Vulcan Materials Company (NYSE:VMC) Declares $0.52 Quarterly Dividend

Vulcan Materials Company (NYSE:VMC) declared a quarterly dividend on Friday, May 8th. Investors of record on Friday, May 22nd will be given a dividend of 0.52 per share by the construction company on Friday, June 5th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, May 22nd.

Vulcan Materials has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. Vulcan Materials has a dividend payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vulcan Materials to earn $10.58 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 19.7%.

Vulcan Materials Stock Down 2.6%

NYSE VMC opened at $259.43 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The company has a market capitalization of $33.66 billion, a P/E ratio of 30.85, a P/E/G ratio of 1.93 and a beta of 1.09. Vulcan Materials has a one year low of $252.35 and a one year high of $331.09. The stock has a 50 day moving average price of $279.35 and a 200-day moving average price of $291.56.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 EPS. As a group, equities analysts predict that Vulcan Materials will post 9.29 EPS for the current fiscal year.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.