Martin Marietta Increases Quarterly Cash Dividend
10 Agosto 2022 - 08:23PM
Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or
the “Company”) today announced that its Board of Directors approved
an 8 percent increase in its quarterly cash dividend, raising it
from $0.61 per share to $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
September 30, 2022, to shareholders of record at the close of
business on September 1, 2022.
Ward Nye, Chairman, President and Chief
Executive Officer, stated, “Today’s announced dividend increase
extends Martin Marietta’s track record of delivering meaningful and
sustainable dividends as a component of our balanced capital
allocation priorities. Our strong financial position, free cash
flow generation and durable, aggregates-led business model allow
the Company to prudently return capital to shareholders while
continuing to invest in future growth opportunities to create
superior long-term shareholder value.”
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
ParkVice President, Investor Relations (919)
510-4736Jennifer.Park@martinmarietta.com
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