Martin Marietta Materials, Inc. (NYSE:MLM) Shareholders to Receive $0.84 Quarterly Dividend

Martin Marietta Materials, Inc. (NYSE:MLM) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.84 per share by the construction company on Thursday, December 31st. This represents a $3.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, December 1st.

Martin Marietta Materials has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 9 years. Martin Marietta Materials has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Martin Marietta Materials to earn $18.72 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 17.9%.

Martin Marietta Materials Stock Performance

Shares of Martin Marietta Materials stock opened at $517.80 on Friday. The company has a market capitalization of $36.83 billion, a PE ratio of 13.70, a PEG ratio of 2.89 and a beta of 1.02. Martin Marietta Materials has a 12 month low of $464.92 and a 12 month high of $710.97. The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.69. The stock’s fifty day simple moving average is $503.56 and its 200 day simple moving average is $570.95.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, November 4th. The construction company reported $5.47 earnings per share for the quarter, missing the consensus estimate of $5.99 by ($0.52). Martin Marietta Materials had a return on equity of 7.96% and a net margin of 31.88%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the firm posted $6.85 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. On average, research analysts predict that Martin Marietta Materials will post 15.30 EPS for the current year.

About Martin Marietta Materials

Martin Marietta Materials, Inc. is a U.S.-based supplier of building materials used in construction and infrastructure projects. Its products include crushed stone, sand and gravel, cement, ready-mixed concrete and asphalt. The company also produces specialty products through its magnesia-based business, including lime, chemicals and products used in industrial and environmental applications. Its construction materials operations serve markets across the United States. Martin Marietta traces its roots to 1939 and has grown through acquisitions and expansion of its materials operations.