Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

Martin Marietta Materials (NYSE: MLM) has declared a regular quarterly cash dividend of $0.79 per share on its outstanding common stock. The dividend is payable on December 31, 2024, to shareholders of record as of December 2, 2024. This represents an annualized dividend of $3.16 per share. Martin Marietta, a S&P 500 company, is a leading supplier of building materials operating across 28 states, Canada, and The Bahamas, providing aggregates, cement, ready mixed concrete, and asphalt. The company also operates Magnesia Specialties business producing magnesia and dolomitic lime products.

Positive

• Consistent dividend payment maintained at $0.79 per share quarterly
• Annualized dividend of $3.16 per share indicates strong shareholder returns
• Broad operational presence across 28 states, Canada, and The Bahamas
• Diversified product portfolio including building materials and specialty products

Negative

• None.

News Market Reaction

-0.02%

1 alert

-0.02% News Effect

On the day this news was published, MLM declined 0.02%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

RALEIGH, N.C., Nov. 07, 2024 (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 $0.79 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $3.16 per share on an annualized basis, is payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024.

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:
Jacklyn Rooker
Director, Investor Relations
(919) 510-4736
Jacklyn.Rooker@martinmarietta.com

MLM-D

FAQ

What is Martin Marietta's (MLM) latest quarterly dividend amount?

Martin Marietta (MLM) declared a quarterly dividend of $0.79 per share on November 7, 2024.

When is Martin Marietta's (MLM) next dividend payment date?

The dividend is payable on December 31, 2024, to shareholders of record as of December 2, 2024.

What is Martin Marietta's (MLM) annual dividend rate?

Martin Marietta's annualized dividend rate is $3.16 per share, based on the quarterly dividend of $0.79.

What products does Martin Marietta (MLM) supply?

Martin Marietta supplies building materials including aggregates, cement, ready mixed concrete, asphalt, and also produces magnesia and dolomitic lime products through its Magnesia Specialties business.