VULCAN INCREASES QUARTERLY DIVIDEND ON COMMON STOCK

Rhea-AI Summary

Vulcan Materials Company (NYSE: VMC) has announced a 7% increase in its quarterly cash dividend, raising it from $0.46 to $0.49 per share. The dividend will be payable on March 24, 2025, to shareholders of record as of March 10, 2025.

This marks the eighth consecutive year of dividend increases for Vulcan, the nation's largest producer of construction aggregates. CEO Tom Hill attributed this increase to the company's durable growth business model, strong cash generation, and financial strength, emphasizing their commitment to delivering shareholder value.

Positive

• Increased quarterly dividend by 7% from $0.46 to $0.49 per share
• Eighth consecutive year of dividend increases
• Strong cash generation and financial strength indicated
• Market leadership position as largest U.S. construction aggregates producer

Negative

• None.

News Market Reaction – VMC

+0.85%

1 alert

+0.85% News Effect

On the day this news was published, VMC gained 0.85%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BIRMINGHAM, Ala., Feb. 14, 2025 /PRNewswire/ --The Board of Directors of Vulcan Materials Company (NYSE: VMC) today declared a quarterly cash dividend of $0.49 per share on its common stock. The dividend will be payable on March 24, 2025, to shareholders of record at the close of business on March 10, 2025. The new quarterly dividend represents an increase of 7 percent from $0.46 to $0.49 per share.

Chairman and Chief Executive Officer, Tom Hill, said, "I am pleased to announce a dividend increase for the eighth consecutive year. This increase reflects the favorable outlook supported by our durable growth business model, strong cash generation, underlying financial strength, and enduring commitment to delivering shareholder value."

Vulcan Materials Company, a member of the S&P 500 Index with headquarters in Birmingham, Alabama, is the nation's largest producer of construction aggregates—primarily crushed stone, sand and gravel—and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete.  For additional information about Vulcan, go to www.vulcanmaterials.com.

Investor Contact: Mark Warren (205) 298-3220
Media Contact: Janet Kavinoky (205) 298-3220
Media Contact: Jack Bonnikson (205) 298-3220

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SOURCE Vulcan Materials Company

FAQ

What is Vulcan Materials' (VMC) new quarterly dividend amount for 2025?

Vulcan Materials' new quarterly dividend is $0.49 per share, representing a 7% increase from the previous $0.46 per share.

When will VMC's new quarterly dividend be paid in 2025?

The dividend will be paid on March 24, 2025, to shareholders of record as of March 10, 2025.

How many consecutive years has VMC increased its dividend?

Vulcan Materials has increased its dividend for eight consecutive years.

What is the percentage increase in VMC's quarterly dividend for 2025?

Vulcan Materials increased its quarterly dividend by 7%, from $0.46 to $0.49 per share.

What is VMC's current position in the construction aggregates market?

Vulcan Materials Company is the nation's largest producer of construction aggregates, primarily crushed stone, sand, and gravel.