Vulcan Materials Company (NYSE:VMC) Plans Quarterly Dividend of $0.52

Vulcan Materials Company (NYSE:VMC) declared a quarterly dividend on Friday, May 8th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.52 per share by the construction company on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 22nd.

Vulcan Materials has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Vulcan Materials has a payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vulcan Materials to earn $10.58 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 19.7%.

Vulcan Materials Price Performance

Shares of VMC opened at $259.43 on Wednesday. The firm has a market capitalization of $33.66 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. Vulcan Materials has a one year low of $252.35 and a one year high of $331.09. The stock’s fifty day moving average is $279.35 and its 200-day moving average is $291.56.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. Equities analysts anticipate that Vulcan Materials will post 9.29 EPS for the current year.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.