Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

Martin Marietta Materials, Inc. (NYSE: MLM) has declared a quarterly cash dividend of $0.61 per share, equating to $2.44 annually. This dividend is set to be paid on June 30, 2022, to shareholders of record by June 1, 2022. The company is a leading supplier of building materials and operates across 28 states, Canada, and The Bahamas, emphasizing its role in providing essential resources for community infrastructure.

Positive

• Quarterly cash dividend of $0.61 per share, indicating strong cash flow.
• Annualized dividend of $2.44 per share reflects confidence in future profitability.

Negative

• None.

RALEIGH, N.C., May 12, 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 $0.61 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $2.44 per share on an annualized basis, is payable June 30, 2022, to shareholders of record at the close of business on June 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:
Suzanne Osberg
Vice President, Investor Relations
(919) 783-4691
Suzanne.Osberg@martinmarietta.com 

MLM-D

FAQ

What is the dividend amount declared by Martin Marietta (MLM) for Q2 2022?

The dividend amount declared is $0.61 per share.

When will Martin Marietta's dividend be paid?

The dividend will be paid on June 30, 2022.

What is the record date for the dividend payment by Martin Marietta (MLM)?

The record date for the dividend payment is June 1, 2022.

How often does Martin Marietta declare dividends?

Martin Marietta typically declares dividends on a quarterly basis.

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

The annual dividend is $2.44 per share.