Eagle Materials Declares Quarterly Dividend

Rhea-AI Summary

Eagle Materials Inc. (EXP) declares a quarterly cash dividend of $0.25 per share, payable on April 12, 2024, to stockholders of record of its Common Stock at the close of business on March 15, 2024.

Positive

• The declaration of a quarterly cash dividend indicates the company's commitment to returning value to its shareholders.
• This dividend payment can be seen as a positive sign of the company's financial stability and confidence in its future performance.

Negative

• None.

Insights

Financial Analyst

The declaration of a quarterly cash dividend of $0.25 per share by Eagle Materials Inc. represents a distribution of profits back to shareholders, reflecting the company's current financial health and confidence in its cash flow stability. Dividends are a critical component in the total return equation for investors and can signal a company's maturity and the reliability of its earnings. This announcement is likely to be welcomed by income-focused investors who prioritize steady dividend income.

From a financial analysis perspective, it's important to assess the dividend yield, which is the dividend per share divided by the stock price. This metric helps investors understand the return on investment from dividends alone. Additionally, one must consider the payout ratio, or the percentage of earnings paid out as dividends, to evaluate if the dividends are sustainable in the long run without compromising growth prospects or financial stability.

Market Research Analyst

The market's response to dividend announcements can often provide insights into investor sentiment regarding the company's future. A consistent or increasing dividend can be perceived as a positive signal, suggesting that Eagle Materials Inc. is confident in its ability to generate sufficient cash flow to meet its capital allocation strategy. However, it's also essential to compare this dividend declaration with industry standards and historical payouts of the company to contextualize its significance.

Investors should also consider how this dividend might impact the stock's attractiveness relative to its peers, especially in the materials sector, where dividend policies can vary significantly. A company's dividend policy can influence its stock price, as it may affect demand among different investor types, such as value investors or those seeking passive income streams.

DALLAS--(BUSINESS WIRE)-- The Board of Directors of Eagle Materials Inc. (NYSE: EXP) has declared a quarterly cash dividend of $0.25 per share, payable on April 12, 2024, to stockholders of record of its Common Stock at the close of business on March 15, 2024.

About Eagle Materials Inc.

Eagle Materials Inc. is a leading U.S. manufacturer of heavy construction products and light building materials. Eagle’s primary products, Portland Cement and Gypsum Wallboard, are essential for building, expanding and repairing roads and highways and for building and renovating residential, commercial and industrial structures across America. Eagle manufactures and sells its products through a network of more than 70 facilities spanning 21 states and is headquartered in Dallas, Texas. Visit eaglematerials.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240205275222/en/

For additional information, contact at 214/432-2000

Michael R. Haack

President and Chief Executive Officer

D. Craig Kesler

Executive Vice President, Finance and Administration and CFO

Alex Haddock

Vice President, Investor Relations, Strategy and Corporate Development

Source: Eagle Materials Inc.

FAQ

What is the ticker symbol for Eagle Materials Inc.?

The ticker symbol for Eagle Materials Inc. is EXP.

When is the quarterly cash dividend payable?

The quarterly cash dividend is payable on April 12, 2024.

How much is the quarterly cash dividend per share?

The quarterly cash dividend is $0.25 per share.

When is the record date for stockholders to receive the dividend?

The record date for stockholders to receive the dividend is March 15, 2024.