Martin Marietta Materials (MLM) Declares $0.42 Quarterly Dividend; 0.9% Yield
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Martin Marietta Increases Quarterly Cash Dividend
August 22, 2016 9:00 AM EDTRALEIGH, N.C.--(BUSINESS WIRE)-- Martin Marietta Materials, Inc. (NYSE: MLM), today announced that its Board of Directors approved a five percent increase in the quarterly cash dividend to $0.42 (forty-two cents) per share on the Corporations common stock. This dividend, which represents a cash dividend of $1.68 per share on an annualized basis, is payable September 30, 2016, to shareholders of record at the close of business on September 1, 2016.
Commenting on the dividend increase, Ward Nye, Chairman and Chief Executive Officer stated, The Boards action is consistent with our long stated objective to create shareholder... More
