Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

Martin Marietta Materials, Inc. (NYSE: MLM) announced a regular quarterly cash dividend of $0.74 per share, payable on December 29, 2023, to shareholders of record at the close of business on December 1, 2023. The dividend represents a cash dividend of $2.96 per share on an annualized basis. Martin Marietta is a leading supplier of building materials and a member of the S&P 500 Index.

Positive

• The regular quarterly cash dividend indicates the company's commitment to rewarding shareholders and its confidence in its financial position.

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• None.

RALEIGH, N.C. , Nov. 09, 2023 (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 $0.74 per share on the Company’s outstanding common stock. This dividend, which represents a cash dividend of $2.96 per share on an annualized basis, is payable December 29, 2023, to shareholders of record at the close of business on December 1, 2023.

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:
Jacklyn Rooker
Director, Investor Relations
(919) 510-4736
Jacklyn.Rooker@martinmarietta.com

MLM-D

FAQ

What is the dividend amount announced by Martin Marietta Materials, Inc. (NYSE: MLM)?

The company announced a regular quarterly cash dividend of $0.74 per share.

When is the dividend payable to shareholders of Martin Marietta Materials, Inc. (NYSE: MLM)?

The dividend is payable on December 29, 2023.

What does the dividend represent on an annualized basis for Martin Marietta Materials, Inc. (NYSE: MLM)?

The dividend represents a cash dividend of $2.96 per share on an annualized basis.

What type of business is Martin Marietta Materials, Inc. (NYSE: MLM) engaged in?

Martin Marietta is a leading supplier of building materials, including aggregates, cement, ready mixed concrete, and asphalt.

Where can I find more information about Martin Marietta Materials, Inc. (NYSE: MLM)?

For more information, visit www.martinmarietta.com or www.magnesiaspecialties.com.