Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

Martin Marietta Materials has declared a quarterly cash dividend of $0.61 per share, amounting to an annualized $2.44. This dividend is payable on March 31, 2022, to shareholders of record as of the close of business on March 1, 2022. A member of the S&P 500 Index, Martin Marietta is a major supplier of building materials, with operations across 28 states, Canada, and The Bahamas. The company also produces high-purity magnesia and dolomitic lime products for various applications worldwide.

AI-generated analysis. Not financial advice.

Positive

• Quarterly cash dividend of $0.61 per share indicates strong financial health.
• Annualized dividend of $2.44 demonstrates commitment to returning value to shareholders.
• Operations spanning 28 states, Canada, and The Bahamas enhance market presence.

Negative

• None.

News Market Reaction – MLM

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-0.35% News Effect

On the day this news was published, MLM declined 0.35%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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RALEIGH, N.C., Feb. 17, 2022 (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 $0.61 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $2.44 per share on an annualized basis, is payable March 31, 2022, to shareholders of record at the close of business on March 1, 2022.

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 28 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 produces high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. 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

FAQ

What is the dividend amount declared by Martin Marietta (MLM)?

Martin Marietta declared a quarterly cash dividend of $0.61 per share.

When will the dividend for MLM be paid?

The dividend will be payable on March 31, 2022.

What is the record date for the MLM dividend?

The record date for the dividend is March 1, 2022.

How does the recent dividend impact Martin Marietta shareholders?

The dividend reflects the company's strong financial performance and commitment to returning value to shareholders.