Monarch Cement (OTCMKTS:MCEM) Hits New 52-Week High – Time to Buy?

Shares of The Monarch Cement Company (OTCMKTS:MCEM) reached a new 52-week high during trading on Monday . The stock traded as high as $305.00 and last traded at $218.49, with a volume of 12586 shares traded. The stock had previously closed at $218.50.

Monarch Cement Trading Down 0.9 %

The firm has a market capitalization of $795.02 million, a price-to-earnings ratio of 10.25 and a beta of 0.61. The company has a fifty day moving average price of $213.80 and a 200-day moving average price of $198.57.

Monarch Cement Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th were given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.22%. The ex-dividend date was Tuesday, December 17th. Monarch Cement’s payout ratio is 14.16%.

About Monarch Cement

The Monarch Cement Company engages in the manufacture and sale of portland cement in the United States. The company also provides masonry cement, ready-mixed concrete, concrete products, and sundry building materials. It primarily serves contractors, ready-mixed concrete plants, concrete products plants, building materials dealers, and governmental agencies.