VULCAN INCREASES QUARTERLY DIVIDEND ON COMMON STOCK

Rhea-AI Summary

Vulcan Materials Company (NYSE: VMC) has declared a quarterly cash dividend of $0.40 per share, marking a 7.5% increase from the previous $0.37. The dividend will be payable on March 14, 2022 to shareholders of record by March 1, 2022. CEO Tom Hill emphasized that this increase reflects the company's strong cash generation and financial strength, showcasing confidence in future performance and shareholder value.

Positive

• Quarterly dividend increased by 7.5% from $0.37 to $0.40 per share.
• Demonstrates strong cash generation and financial strength.
• Indicates confidence in the company's future performance and ability to drive shareholder value.

Negative

• None.

BIRMINGHAM, Ala., Feb. 11, 2022 /PRNewswire/ -- The Board of Directors of Vulcan Materials Company (NYSE: VMC) today declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend will be payable on March 14, 2022, to shareholders of record at the close of business on March 1, 2022. The new quarterly dividend represents an increase of 7.5 percent from $0.37 to $0.40 per share.

Chairman and Chief Executive Officer, Tom Hill, said, "Supported by our strong cash generation and financial strength, today's announced dividend increase underscores our continued confidence in our Company's future performance and ability to drive shareholder value."

Vulcan Materials Company, a member of the S&P 500 Index with headquarters in Birmingham, Alabama, is the nation's largest producer of construction aggregates—primarily crushed stone, sand and gravel—and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete.  For additional information about Vulcan, go to www.vulcanmaterials.com.

Investor Contact: Mark Warren (205) 298-3220
Media Contact: Janet Kavinoky (205) 298-3220

 

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SOURCE Vulcan Materials Company

FAQ

What is the new dividend amount for Vulcan Materials Company?

The new dividend amount is $0.40 per share.

When will the dividend be paid to shareholders of Vulcan Materials Company?

The dividend will be payable on March 14, 2022.

What was the previous dividend amount for Vulcan Materials Company?

The previous dividend amount was $0.37 per share.

Who is the CEO of Vulcan Materials Company?

The CEO is Tom Hill.

What date is the record for shareholders to receive the dividend?

The record date for shareholders to receive the dividend is March 1, 2022.