Martin Marietta Increases Quarterly Cash Dividend
August 12 2021 - 4:30PM
Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or
the “Company”) today announced that its Board of Directors approved
a 7 percent increase in its quarterly cash dividend, raising it
from $0.57 per share to $0.61 per share on the Company’s
outstanding common stock. This dividend, which represents a cash
dividend of $2.44 per share on an annualized basis, is payable
September 30, 2021, to shareholders of record at the close of
business on September 1, 2021.
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 part of our longstanding and balanced
capital allocation priorities. Our strong cash generation and
financial flexibility allow the Company to prudently balance
returning capital to shareholders and investing in growth
opportunities, as we continue to drive sustainable growth and
superior 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 26
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: Suzanne
OsbergVice President, Investor Relations (919)
783-4691Suzanne.Osberg@martinmarietta.com
MLM-D
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