United States Lime & Minerals, Inc. (USLM) to Issue Quarterly Dividend of $0.06 on June 12th

United States Lime & Minerals, Inc. (NASDAQ:USLM) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.06 per share by the construction company on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd.

United States Lime & Minerals has raised its dividend payment 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 payout ratio of 4.8% indicating that its dividend is sufficiently covered by earnings.

United States Lime & Minerals Stock Performance

Shares of NASDAQ:USLM opened at $102.44 on Wednesday. The company has a 50-day simple moving average of $123.41 and a 200-day simple moving average of $121.52. United States Lime & Minerals has a one year low of $94.02 and a one year high of $141.43. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 22.56 and a beta of 0.70.

United States Lime & Minerals (NASDAQ:USLM) last announced its earnings results on Wednesday, April 29th. The construction company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.14). United States Lime & Minerals had a net margin of 35.40% and a return on equity of 21.28%. The business had revenue of $87.83 million during the quarter, compared to analysts’ expectations of $102.00 million.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in United States Lime & Minerals in the fourth quarter valued at about $29,000. Quarry LP purchased a new position in United States Lime & Minerals in the third quarter valued at about $33,000. Amica Retiree Medical Trust increased its holdings in United States Lime & Minerals by 413.8% in the third quarter. Amica Retiree Medical Trust now owns 334 shares of the construction company’s stock valued at $44,000 after buying an additional 269 shares in the last quarter. Empowered Funds LLC purchased a new position in United States Lime & Minerals in the fourth quarter valued at about $42,000. Finally, PNC Financial Services Group Inc. increased its holdings in United States Lime & Minerals by 54,900.0% in the third quarter. PNC Financial Services Group Inc. now owns 550 shares of the construction company’s stock valued at $72,000 after buying an additional 549 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

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.