United States Lime & Minerals, Inc. Declares Quarterly Dividend of $0.06 (NASDAQ:USLM)

United States Lime & Minerals, Inc. (NASDAQ:USLM) announced a quarterly dividend on Monday, February 2nd. Stockholders of record on Friday, February 20th will be given a dividend of 0.06 per share by the construction company on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, February 20th.

United States Lime & Minerals has decreased its dividend payment by an average of 0.3%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 Stock Down 5.3%

Shares of NASDAQ:USLM traded down $6.52 during trading on Tuesday, hitting $117.09. The stock had a trading volume of 39,281 shares, compared to its average volume of 86,284. United States Lime & Minerals has a 12-month low of $80.47 and a 12-month high of $137.96. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 25.89 and a beta of 0.98. The stock has a 50-day simple moving average of $125.48 and a two-hundred day simple moving average of $122.45.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings results on Monday, February 2nd. The construction company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.07). United States Lime & Minerals had a net margin of 35.83% and a return on equity of 23.82%. The company had revenue of $87.94 million for the quarter, compared to analysts’ expectations of $97.00 million.

About United States Lime & Minerals

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.