Martin Marietta Declares Quarterly Cash Dividend

Rhea-AI Summary

Martin Marietta Materials, Inc. (NYSE: MLM) has declared a regular quarterly cash dividend of $0.66 per share on its outstanding common stock. The dividend represents a cash dividend of $2.64 per share on an annualized basis and will be payable on June 30, 2023. Martin Marietta is a leading supplier of building materials with operations in 28 states, Canada, and The Bahamas.

Positive

• Martin Marietta Materials, Inc. has declared a quarterly cash dividend of $0.66 per share on its outstanding common stock. This represents a 2.5% dividend yield based on the current stock price. The dividend will be payable on June 30, 2023, which could attract income-focused investors and potentially increase demand for the stock.

Negative

• None.

RALEIGH, N.C., May 11, 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 $0.66 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 June 30, 2023, to shareholders of record at the close of business on June 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:
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 Materials, Inc.?

Martin Marietta Materials, Inc. has declared a quarterly cash dividend of $0.66 per share on its outstanding common stock.

When will the dividend be payable?

The dividend will be payable on June 30, 2023.

What is the current dividend yield based on the stock price?

The current dividend yield is 2.5% based on the stock price.

What is the business of Martin Marietta Materials, Inc.?

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