Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

Martin Marietta Materials, Inc. (NYSE: MLM) announced a regular quarterly cash dividend of $0.57 per share, amounting to an annualized cash dividend of $2.28 per share. This dividend will be payable on March 31, 2021, to shareholders recorded by the close of business on March 1, 2021. Martin Marietta is a leading supplier of building materials across 27 states, Canada, and The Bahamas, and is a member of the S&P 500 Index.

Positive

• Quarterly cash dividend of $0.57 per share declared.
• Annualized cash dividend of $2.28 per share.
• Dividend reflects confidence in financial stability and growth.

Negative

• None.

RALEIGH, N.C., Feb. 18, 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 March 31, 2021, to shareholders of record at the close of business on March 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 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 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

When is the next dividend payment for Martin Marietta Materials?

The next dividend payment is scheduled for March 31, 2021.

What is the amount of Martin Marietta's declared dividend?

The declared dividend is $0.57 per share.

What is the annualized dividend amount for Martin Marietta?

The annualized dividend amount is $2.28 per share.

Who is eligible for the dividend payment from Martin Marietta?

Shareholders recorded by the close of business on March 1, 2021, are eligible for the dividend.