Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

Martin Marietta Materials (MLM) has declared a quarterly cash dividend of $0.57 per share, totaling $2.28 annually, payable on December 31, 2020. Shareholders of record by December 1, 2020 will receive this payment. As a member of the S&P 500, Martin Marietta supplies building materials across 27 states, Canada, and the Bahamas, ensuring solid foundations for communities. This dividend announcement emphasizes the company's commitment to returning value to shareholders while maintaining its strong market position.

Positive

• Quarterly cash dividend of $0.57 per share indicates strong cash flow.
• Annualized dividend amounting to $2.28 per share demonstrates commitment to shareholder returns.
• The company remains a member of the S&P 500, indicating stability and market confidence.

Negative

• None.

RALEIGH, N.C., Nov. 12, 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 $0.57 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $2.28 per share on an annualized basis, is payable December 31, 2020, to shareholders of record at the close of business on December 1, 2020.

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

MLM-D

FAQ

What is the dividend amount declared by MLM?

Martin Marietta has declared a quarterly cash dividend of $0.57 per share.

When is the dividend payable for MLM?

The dividend is payable on December 31, 2020.

What is the record date for MLM's dividend?

The record date for the dividend is December 1, 2020.

What is the annualized dividend amount for MLM?

The annualized dividend for Martin Marietta is $2.28 per share.