Vulcan Materials Company (NYSE:VMC) to Issue Quarterly Dividend of $0.52

Vulcan Materials Company (NYSE:VMC) announced a quarterly dividend on Friday, February 13th. Investors of record on Monday, March 9th will be paid a dividend of 0.52 per share by the construction company on Monday, March 23rd. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th. This is a 6.1% increase from Vulcan Materials’s previous quarterly dividend of $0.49.

Vulcan Materials has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. Vulcan Materials has a payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Vulcan Materials to earn $9.72 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 21.4%.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $274.42 on Friday. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $331.09. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average is $304.36 and its 200 day moving average is $297.52. The company has a market cap of $35.83 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.11 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the company posted $2.17 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts forecast that Vulcan Materials will post 8.69 EPS for the current fiscal year.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.