Martin Marietta Materials, Inc. (MLM) to Issue Quarterly Dividend of $0.83 on March 31st

Martin Marietta Materials, Inc. (NYSE:MLM) declared a quarterly dividend on Thursday, February 19th. Investors of record on Monday, March 2nd will be paid a dividend of 0.83 per share by the construction company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, March 2nd.

Martin Marietta Materials has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 9 consecutive years. Martin Marietta Materials has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Martin Marietta Materials to earn $21.61 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 15.4%.

Martin Marietta Materials Trading Up 1.6%

Shares of MLM stock opened at $686.51 on Friday. Martin Marietta Materials has a 52-week low of $441.95 and a 52-week high of $710.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.36 and a current ratio of 3.57. The firm has a market capitalization of $41.40 billion, a PE ratio of 36.52, a PEG ratio of 2.58 and a beta of 1.16. The stock has a fifty day simple moving average of $651.62 and a two-hundred day simple moving average of $628.87.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, February 11th. The construction company reported $4.62 EPS for the quarter, missing the consensus estimate of $4.81 by ($0.19). The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. Martin Marietta Materials’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.79 earnings per share. On average, analysts predict that Martin Marietta Materials will post 19.53 EPS for the current fiscal year.

About Martin Marietta Materials

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.