Martin Marietta Materials, Inc. to Issue Quarterly Dividend of $0.83 (NYSE:MLM)

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

Martin Marietta Materials has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 9 years. Martin Marietta Materials has a dividend payout ratio of 15.3% indicating that 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 Trading Down 0.2%

Shares of MLM opened at $575.80 on Friday. The stock’s 50-day moving average is $601.62 and its two-hundred day moving average is $625.86. The stock has a market cap of $34.58 billion, a PE ratio of 13.72, a P/E/G ratio of 2.09 and a beta of 1.13. Martin Marietta Materials has a 12 month low of $532.80 and a 12 month high of $710.97. 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:MLM) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $1.90 earnings per share. The company’s revenue was up 17.2% compared to the same quarter last year. Equities analysts forecast that Martin Marietta Materials will post 19.32 earnings per share for the current fiscal year.

Martin Marietta Materials Company Profile

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.