United States Lime & Minerals (USLM) Raises Quarterly Dividend 18.5% to $0.16; 0.7% Yield

United States Lime & Minerals (NASDAQ: USLM) declared a quarterly dividend of $0.16 per share, or $0.64 annualized. This is an 18.5% increase from the prior dividend of $0.135.

The dividend will be payable on March 13, 2020, to stockholders of record on February 21, 2020, with an ex-dividend date of February 20, 2020.

The annual yield on the dividend is 0.7 percent.

“We are pleased to see positive movement in our pricing of lime and limestone products after years of not seeing meaningful improvements. In 2019, we also benefited from the efficiency gains of the new St. Clair kiln and lower fuel costs. Lastly, we were able to pay a special cash dividend of $30.1 million to our shareholders in the fourth quarter 2019, increase our regular quarterly cash dividend in the first quarter 2020 and still maintain our strong balance sheet,” said Timothy W. Byrne, President and Chief Executive Officer.

For a dividend history and other dividend-related data on United States Lime & Minerals (USLM) click here.

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