Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

On May 13, 2021, Martin Marietta Materials (NYSE: MLM) announced a quarterly cash dividend of $0.57 per share, translating to $2.28 annually. The dividend is payable on June 30, 2021, to shareholders on record by the close of business on June 1, 2021. Martin Marietta, a leading supplier of building materials, operates across 26 states, Canada, and The Bahamas, supporting community infrastructure.

Positive

• Quarterly cash dividend of $0.57 per share.
• Annualized dividend of $2.28 per share demonstrates company confidence.

Negative

• None.

RALEIGH, N.C., May 13, 2021 (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 June 30, 2021, to shareholders of record at the close of business on June 1, 2021.

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 26 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:
Suzanne Osberg
Vice President, Investor Relations
(919) 783-4691
Suzanne.Osberg@martinmarietta.com 

MLM-D

FAQ

What is the dividend amount for MLM for June 2021?

The dividend amount for Martin Marietta (MLM) is $0.57 per share.

When is the dividend for MLM payable?

The dividend for Martin Marietta is payable on June 30, 2021.

What is the record date for the MLM dividend?

The record date for the MLM dividend is June 1, 2021.

How often does Martin Marietta distribute dividends?

Martin Marietta typically distributes dividends quarterly.

Is the dividend for MLM sustainable?

The sustainability of the MLM dividend can be assessed through ongoing financial performance and payout ratios.