Martin Marietta Declares Quarterly Cash Dividend
Martin Marietta Materials has declared a quarterly cash dividend of $0.66 per share on its common stock, amounting to $2.64 annually.
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 has declared a quarterly cash dividend of $0.66 per share on its common stock, amounting to $2.64 annually. The dividend is scheduled for payment on December 30, 2022, to shareholders on record as of December 1, 2022. As a member of the S&P 500 Index, Martin Marietta is a leading supplier of building materials like aggregates, cement, and concrete across 28 states, Canada, and The Bahamas. Additionally, the company produces high-purity magnesia products for various applications worldwide.
Positive
- Quarterly cash dividend of $0.66 reflects ongoing shareholder returns.
- Annualized dividend of $2.64 signifies commitment to consistent payouts.
Negative
- None.
Details
News Market Reaction – MLM
The recorded move for MLM in the trading session of this news was +7.82%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RALEIGH, N.C., Nov. 10, 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
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:
Jennifer Park
Vice President, Investor Relations
(919) 510-4736
Jennifer.Park@martinmarietta.com
MLM-D
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