Martin Marietta Materials, Inc. (NYSE:MLM) Declares Quarterly Dividend of $0.61

Martin Marietta Materials, Inc. (NYSE:MLM) declared a quarterly dividend on Friday, August 13th, Wall Street Journal reports. Stockholders of record on Wednesday, September 1st will be given a dividend of 0.61 per share by the construction company on Thursday, September 30th. This represents a $2.44 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Tuesday, August 31st. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.57.

Martin Marietta Materials has raised its dividend payment by 30.2% over the last three years and has raised its dividend every year for the last 5 years.

Shares of MLM traded down $3.50 during mid-day trading on Friday, hitting $385.44. The company’s stock had a trading volume of 210,211 shares, compared to its average volume of 448,779. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.13 and a quick ratio of 1.17. The company has a market cap of $24.04 billion, a PE ratio of 31.36 and a beta of 0.64. Martin Marietta Materials has a fifty-two week low of $201.04 and a fifty-two week high of $391.76. The company has a 50-day moving average of $355.79.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Thursday, July 29th. The construction company reported $3.81 EPS for the quarter, missing the consensus estimate of $3.91 by ($0.10). Martin Marietta Materials had a net margin of 15.81% and a return on equity of 13.18%. During the same period in the previous year, the company earned $3.49 EPS. Equities research analysts forecast that Martin Marietta Materials will post 12.34 EPS for the current fiscal year.


Jeff retired early by trading options using one simple method. Click here for full details

A number of brokerages have commented on MLM. DA Davidson raised their price objective on Martin Marietta Materials from $350.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, August 2nd. Barclays increased their target price on shares of Martin Marietta Materials from $275.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 28th. They noted that the move was a valuation call. Jefferies Financial Group raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and upped their price target for the stock from $360.00 to $424.00 in a research note on Friday, June 25th. Morgan Stanley lowered their target price on Martin Marietta Materials from $408.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on Martin Marietta Materials from $335.00 to $385.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 26th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $340.92.

About Martin Marietta Materials

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement used in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

Read More: What’s a Black Swan?

Dividend History for Martin Marietta Materials (NYSE:MLM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Martin Marietta Materials right now?

Before you consider Martin Marietta Materials, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Martin Marietta Materials wasn’t on the list.

While Martin Marietta Materials currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here


Similar Articles


Most Popular

The Employee Retention Tax Credit- A Game-Changing Opportunity for Entrepreneurs

The Employee Retention Tax Credit- A Game-Changing Opportunity for Entrepreneurs Unveiling the Hidden Treasury: How the ERC Can Catapult Your Business's Success In the dynamic world...

How GotBackUp Can Help Small Business Owners Keep Their Data Safe and Secure

How GotBackUp Can Help Small Business Owners Keep Their Data Safe and Secure As a small business owner, your data is one of your most...

New SaaS hacks highlight requirement for back-up data security

New SaaS hacks highlight the requirement for backup data security Venture IT and suppliers alike are required to prioritize strong backup information security plans and...

Flag Counter