VULCAN INCREASES QUARTERLY DIVIDEND ON COMMON STOCK

The Board of Directors of Vulcan Materials Company (NYSE: VMC) declared a quarterly cash dividend of $0.43 per share, reflecting a 7.5% increase from the previous $0.40.

Rhea-AI Summary

The Board of Directors of Vulcan Materials Company (NYSE: VMC) declared a quarterly cash dividend of $0.43 per share, reflecting a 7.5% increase from the previous $0.40. This dividend will be payable on March 20, 2023, to shareholders of record by March 6, 2023. CEO Tom Hill emphasized that the dividend increase highlights the company's strong cash generation and commitment to delivering long-term shareholder value. Vulcan Materials, headquartered in Birmingham, Alabama, is the largest producer of construction aggregates in the U.S., focusing on crushed stone, sand, and gravel.

Positive

• Quarterly dividend increased by 7.5% from $0.40 to $0.43 per share.
• Demonstrates strong cash generation and financial strength.

Negative

• None.

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News Market Reaction – VMC

In the trading session that priced this news, VMC gained 1.05%, reflecting a mild positive market reaction.

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BIRMINGHAM, Ala., Feb. 10, 2023 /PRNewswire/ -- The Board of Directors of Vulcan Materials Company (NYSE: VMC) today declared a quarterly cash dividend of $0.43 per share on its common stock. The dividend will be payable on March 20, 2023, to shareholders of record at the close of business on March 6, 2023. The new quarterly dividend represents an increase of 7.5 percent from $0.40 to $0.43 per share.

Chairman and Chief Executive Officer, Tom Hill, said, "Supported by our strong cash generation and financial strength, today's announced dividend increase underscores the Company's durable growth and our ability to deliver long-term 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/vulcan-increases-quarterly-dividend-on-common-stock-301744398.html

SOURCE Vulcan Materials Company

FAQ

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

What is the new quarterly dividend amount for Vulcan Materials Company (VMC)?

The new quarterly dividend amount is $0.43 per share.

When is the dividend payment date for VMC?

The dividend payment date is March 20, 2023.

When is the record date for the dividend for Vulcan Materials Company?

The record date is March 6, 2023.

How much has Vulcan's quarterly dividend increased?

Vulcan's quarterly dividend has increased by 7.5%.

What is the significance of the dividend increase for VMC shareholders?

The dividend increase signifies strong financial performance and commitment to shareholder value.