Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

Martin Marietta Materials (NYSE: MLM) announced a quarterly cash dividend of $0.61 per share, reflecting an annualized dividend of $2.44. This dividend is payable on December 31, 2021, to shareholders of record as of December 1, 2021. The company, a leading supplier of building materials across 30 states, Canada, and The Bahamas, maintains its commitment to delivering high-quality materials for community development.

Positive

• Quarterly dividend of $0.61 per share enhances shareholder income.
• Annualized dividend of $2.44 demonstrates company confidence in ongoing profitability.

Negative

• None.

RALEIGH, N.C., Nov. 11, 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 $0.61 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 December 31, 2021, to shareholders of record at the close of business on December 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 30 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 MLM?

Martin Marietta has declared a quarterly dividend of $0.61 per share.

When is the dividend payable for MLM?

The dividend is payable on December 31, 2021.

What is the record date for the MLM dividend?

The record date for the dividend is December 1, 2021.

How much is the annualized dividend for MLM?

The annualized dividend for Martin Marietta is $2.44 per share.