Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

Martin Marietta (NYSE: MLM) announced a quarterly cash dividend of $0.74 per share, equating to an annualized $2.96 per share. The dividend is payable on June 28, 2024, to shareholders of record by June 3, 2024. Martin Marietta, a key player in the S&P 500, provides essential building materials such as aggregates, cement, ready-mixed concrete, and asphalt across 28 states, Canada, and The Bahamas. Additionally, their Magnesia Specialties division supplies high-purity magnesia and dolomitic lime products for various applications. Investors can find more details on their official website.

Positive

• Declared quarterly cash dividend of $0.74 per share.
• Annualized dividend stands at $2.96 per share.
• Dividend payable on June 28, 2024.
• Martin Marietta is part of the S&P 500 Index.
• Wide geographic presence across 28 states, Canada, and The Bahamas.
• Specialty division produces high-demand magnesia and dolomitic lime products.

Negative

• No new business developments or strategic initiatives announced.
• Dividend declaration might indicate reinvestment opportunities.

News Market Reaction – MLM

-5.06%

-5.06% Session move

In the trading session that priced this news, MLM declined 5.06%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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RALEIGH, N.C., May 16, 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 $0.74 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $2.96 per share on an annualized basis, is payable June 28, 2024, to shareholders of record at the close of business on June 3, 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

When is Martin Marietta's next dividend payment date?

Martin Marietta's next dividend payment date is June 28, 2024.

What is the annualized dividend per share for Martin Marietta?

The annualized dividend per share for Martin Marietta is $2.96.

What is Martin Marietta's quarterly dividend per share?

Martin Marietta's quarterly dividend per share is $0.74.

What is the record date for Martin Marietta's upcoming dividend?

The record date for Martin Marietta's upcoming dividend is June 3, 2024.

What does Martin Marietta produce?

Martin Marietta produces building materials like aggregates, cement, ready-mixed concrete, and asphalt, along with high-purity magnesia and dolomitic lime products.

Where does Martin Marietta operate?

Martin Marietta operates in 28 states, Canada, and The Bahamas.