Martin Marietta declares a quarterly dividend of $0.79 per share, payable March 31, 2025, to eligible shareholders.
Quiver AI Summary
Martin Marietta Materials, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.79 per share on its common stock, which will be payable on March 31, 2025, to shareholders of record as of March 3, 2025. As a leading supplier of building materials in the S&P 500 Index, the company operates across 28 states, Canada, and The Bahamas, providing essential resources for community infrastructure. Additionally, their Magnesia Specialties division offers high-purity magnesia and dolomitic lime products for various global applications. For more company information, visit their websites.
Potential Positives
- Martin Marietta has declared a quarterly cash dividend of $0.79 per share, demonstrating its commitment to returning value to shareholders.
- The dividend payment is scheduled for March 31, 2025, indicating financial stability and positive cash flow to support ongoing shareholder rewards.
- Being a member of the S&P 500 Index underscores Martin Marietta's strong market position and investor confidence in its performance.
Potential Negatives
- Declaring a dividend may indicate that the company has limited investment opportunities or growth prospects, prompting the need to return cash to shareholders instead of reinvesting in the business.
FAQ
What is the quarterly cash dividend declared by Martin Marietta?
Martin Marietta has declared a quarterly cash dividend of $0.79 per share on its outstanding common stock.
When will the dividend be payable?
The dividend will be payable on March 31, 2025, to shareholders of record at the close of business on March 3, 2025.
What type of company is Martin Marietta?
Martin Marietta is an American-based company and a leading supplier of building materials like aggregates, cement, and concrete.
In how many regions does Martin Marietta operate?
Martin Marietta operates across 28 states, Canada, and The Bahamas.
What products does Martin Marietta’s Magnesia Specialties business produce?
Martin Marietta’s Magnesia Specialties business produces high-purity magnesia and dolomitic lime products used in various applications.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MLM Hedge Fund Activity
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Full Release
RALEIGH, N.C., Feb. 20, 2025 (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 $0.79 per share on the Company’s outstanding common stock. This dividend will be payable on March 31, 2025, to shareholders of record at the close of business on March 3, 2025.
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
[email protected]
MLM-D
