Martin Marietta Increases Quarterly Cash Dividend
10 Agosto 2023 - 3:50PM
Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or
the “Company”) today announced that its Board of Directors approved
a 12 percent increase in its quarterly cash dividend, raising it
from $0.66 per share to $0.74 per share on the Company’s
outstanding common stock. This dividend, representing a cash
dividend of $2.96 per share on an annualized basis, is payable
September 29, 2023, to shareholders of record at the close of
business on September 1, 2023.
Ward Nye, Chairman, President and Chief
Executive Officer, stated, “We are pleased to announce another
yearly increase to the dividend rate; our eighth consecutive year
of doing so. This continues Martin Marietta’s long history of
delivering meaningful and sustainable dividends consistent with the
Company’s balanced capital allocation priorities. Our longstanding
history of disciplined commercial and operational practices, strong
financial position and free cash flow generation allow the Company
to prudently return capital to shareholders while continuing to
drive sustainable long-term growth and deliver 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 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: Jacklyn
RookerDirector, Investor Relations (919)
510-4736Jacklyn.Rooker@martinmarietta.com
MLM-D
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