Martin Marietta Declares Quarterly Cash Dividend
Martin Marietta Materials (NYSE: MLM) announced a quarterly cash dividend of $0.61 per share, reflecting an annualized dividend of $2.44.
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 (NYSE: MLM) announced a quarterly cash dividend of $0.61 per share, reflecting an annualized dividend of $2.44. This dividend is payable on December 31, 2021, to shareholders of record as of December 1, 2021. The company, a leading supplier of building materials across 30 states, Canada, and The Bahamas, maintains its commitment to delivering high-quality materials for community development.
Positive
- Quarterly dividend of $0.61 per share enhances shareholder income.
- Annualized dividend of $2.44 demonstrates company confidence in ongoing profitability.
Negative
- None.
Details
News Market Reaction – MLM
The recorded move for MLM in the trading session of this news was +1.34%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RALEIGH, N.C., Nov. 11, 2021 (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 30 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
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