Vulcan Increases Quarterly Dividend On Common Stock

Rhea-AI Summary

Vulcan Materials Company (NYSE: VMC) has announced a quarterly cash dividend of thirty-seven cents per share, an increase of three cents from the previous dividend. The payout is set for March 15, 2021, to shareholders of record by March 1, 2021. CEO Tom Hill emphasized the company's strong operational and financial performance and its confidence in delivering sustainable, long-term value to shareholders. Vulcan Materials is the largest U.S. producer of construction aggregates, which includes crushed stone, sand, and gravel.

Positive

• Dividend increased by three cents per share.
• Demonstrates strong operational and financial performance.
• Indicates company confidence in long-term shareholder value.

Negative

• None.

BIRMINGHAM, Ala., Feb. 12, 2021 /PRNewswire/ -- The Board of Directors of Vulcan Materials Company (NYSE: VMC) today declared a quarterly cash dividend of thirty-seven cents per share on its common stock. The dividend will be payable on March 15, 2021, to shareholders of record at the close of business on March 1, 2021. The new quarterly dividend represents an increase of three cents per share.

Chairman and Chief Executive Officer, Tom Hill, said, "We have increased the dividend to reflect the Company's strong operational and financial performance, our confidence in the resilience of our business and our ability to deliver sustainable, long-term value to our shareholders."

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.

 

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SOURCE Vulcan Materials Company

FAQ

What is the new dividend amount for VMC?

The new quarterly dividend amount is thirty-seven cents per share.

When will the dividend for VMC be paid?

The dividend will be payable on March 15, 2021.

What is the record date for VMC's dividend?

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

How often does Vulcan Materials Company pay dividends?

Vulcan Materials Company pays dividends quarterly.

What is the significance of the dividend increase for VMC?

The dividend increase reflects the company's strong performance and confidence in delivering value to shareholders.