Martin Marietta Declares Quarterly Cash Dividend
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.
AI-generated analysis. Not financial advice.
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.
News Market Reaction – MLM
On the day this news was published, MLM declined 0.56%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
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
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