Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

Martin Marietta Materials has declared a quarterly cash dividend of $0.66 per share on its common stock, amounting to $2.64 annually. The dividend is scheduled for payment on December 30, 2022, to shareholders on record as of December 1, 2022. As a member of the S&P 500 Index, Martin Marietta is a leading supplier of building materials like aggregates, cement, and concrete across 28 states, Canada, and The Bahamas. Additionally, the company produces high-purity magnesia products for various applications worldwide.

Positive

• Quarterly cash dividend of $0.66 reflects ongoing shareholder returns.
• Annualized dividend of $2.64 signifies commitment to consistent payouts.

Negative

• None.

RALEIGH, N.C., Nov. 10, 2022 (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 $0.66 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $2.64 per share on an annualized basis, is payable December 30, 2022, to shareholders of record at the close of business on December 1, 2022

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 28 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:
Jennifer Park
Vice President, Investor Relations
(919) 510-4736
Jennifer.Park@martinmarietta.com

MLM-D

FAQ

What is the dividend amount declared by Martin Marietta (MLM)?

The declared dividend amount is $0.66 per share.

When is the dividend payment date for Martin Marietta (MLM)?

The dividend is scheduled for payment on December 30, 2022.

When is the record date for Martin Marietta's dividend payment?

The record date is December 1, 2022.

What is the annualized dividend for Martin Marietta (MLM)?

The annualized dividend is $2.64 per share.