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

Vulcan Materials Company (NYSE:VMC) announced a quarterly dividend on Friday, July 10th. Shareholders of record on Thursday, August 13th will be given a dividend of 0.52 per share by the construction company on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th.

Vulcan Materials has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Vulcan Materials has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Vulcan Materials to earn $10.55 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 Performance

Shares of VMC stock opened at $284.80 on Tuesday. The stock has a market capitalization of $36.90 billion, a P/E ratio of 33.62, a PEG ratio of 2.05 and a beta of 1.06. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $289.63 and its 200 day moving average is $288.93. Vulcan Materials has a 12 month low of $252.35 and a 12 month high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the business earned $2.42 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Vulcan Materials will post 9.29 earnings per share for the current year.

About Vulcan Materials

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.