Martin Marietta Declares Quarterly Cash Dividend
Martin Marietta Materials (MLM) has declared a quarterly cash dividend of $0.57 per share, totaling $2.28 annually, payable on December 31, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Martin Marietta Materials (MLM) has declared a quarterly cash dividend of $0.57 per share, totaling $2.28 annually, payable on December 31, 2020. Shareholders of record by December 1, 2020 will receive this payment. As a member of the S&P 500, Martin Marietta supplies building materials across 27 states, Canada, and the Bahamas, ensuring solid foundations for communities. This dividend announcement emphasizes the company's commitment to returning value to shareholders while maintaining its strong market position.
Positive
- Quarterly cash dividend of $0.57 per share indicates strong cash flow.
- Annualized dividend amounting to $2.28 per share demonstrates commitment to shareholder returns.
- The company remains a member of the S&P 500, indicating stability and market confidence.
Negative
- None.
Details
News Market Reaction – MLM
The recorded move for MLM in the trading session of this news was +1.37%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RALEIGH, N.C., Nov. 12, 2020 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that its Board of Directors has declared a regular quarterly cash dividend of
Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spanning 27 states, Canada and the Bahamas, dedicated Martin Marietta teams supply the resources for building the solid foundations on which our communities thrive. Martin Marietta’s Magnesia Specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products. For more information, visit www.martinmarietta.com or www.magnesiaspecialties.com.
Investor Contact:
Suzanne Osberg
Vice President, Investor Relations
(919) 783-4691
Suzanne.Osberg@martinmarietta.com
MLM-D
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