United States Lime & Minerals, Inc. (NASDAQ:USLM) Shareholders Set to Receive $0.06 Quarterly Dividend

United States Lime & Minerals, Inc. (NASDAQ:USLM) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, November 20th will be given a dividend of $0.06 per share by the construction company on Friday, December 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, November 20th.

United States Lime & Minerals has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. United States Lime & Minerals has a dividend payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings.

United States Lime & Minerals Trading Up 1.7%

Shares of NASDAQ:USLM opened at $121.04 on Wednesday. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 26.09 and a beta of 0.69. The company has a 50-day moving average price of $112.73 and a 200-day moving average price of $115.16. United States Lime & Minerals has a 12 month low of $96.27 and a 12 month high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Friday, October 30th. The construction company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.16). United States Lime & Minerals had a return on equity of 19.65% and a net margin of 35.08%. The business had revenue of $106.19 million during the quarter, compared to the consensus estimate of $122.00 million.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.