Vulcan Materials (VMC) Doubles Qtr. Dividend to 20c/Share; Yields 0.9%
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Overall Analyst Rating:
BUY ( Down)
Dividend Yield: 0.7%
Revenue Growth %: -5.5%
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Vulcan Materials (NYSE: VMC) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is a 100% increase from the prior dividend of $0.10.
The dividend will be payable on March 10, 2016, to stockholders of record on February 24, 2016, with an ex-dividend date of February 22, 2016.
The annual yield on the dividend is 0.9 percent.
Tom Hill, President and Chief Executive Officer, said, "This quarterly dividend level reflects the continuing demand growth throughout our markets, our financial performance, financial strength, and confidence in our ability to continue successfully executing our strategic plan, which is designed to deliver sustainable, long-term value to our shareholders."
For a dividend history and other dividend-related data on Vulcan Materials (VMC) click here.
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