Martin Marietta Declares Quarterly Cash Dividend

Martin Marietta Materials has announced a quarterly cash dividend of $0.55 per share, amounting to an annualized total of $2.20 per share.

Rhea-AI Summary

Martin Marietta Materials has announced a quarterly cash dividend of $0.55 per share, amounting to an annualized total of $2.20 per share. This dividend is payable on June 30, 2020, to shareholders recorded by June 1, 2020. As a significant player in the building materials sector and a member of the S&P 500 Index, Martin Marietta continues to provide essential resources across 27 states, Canada, and the Bahamas.

Positive

• Declared quarterly cash dividend of $0.55 per share.
• Annualized dividend totals $2.20 per share.
• Dividend payment reflects company confidence in financial stability.

Negative

• None.

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News Market Reaction – MLM

The recorded move for MLM in the trading session of this news was -0.56%.

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RALEIGH, N.C., May 14, 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 $0.55 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $2.20 per share on an annualized basis, is payable on June 30, 2020, to shareholders of record at the close of business on June 1, 2020.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount announced by Martin Marietta Materials?

The announced dividend is $0.55 per share.

When is the dividend payable for MLM?

The dividend is payable on June 30, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is June 1, 2020.

How much is Martin Marietta's annual dividend?

The annualized dividend is $2.20 per share.