United States Lime & Minerals, Inc. Plans Quarterly Dividend of $0.06 (NASDAQ:USLM)

United States Lime & Minerals, Inc. (NASDAQ:USLM) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 21st will be given a dividend of 0.06 per share by the construction company on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st.

United States Lime & Minerals has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. United States Lime & Minerals has a payout ratio of 4.8% indicating that its dividend is sufficiently covered by earnings.

United States Lime & Minerals Stock Performance

USLM stock opened at $113.00 on Thursday. United States Lime & Minerals has a one year low of $94.76 and a one year high of $141.43. The firm has a market cap of $3.24 billion, a PE ratio of 24.89 and a beta of 0.72. The firm’s 50 day moving average price is $107.19 and its 200-day moving average price is $116.24.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Wednesday, July 29th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.10). United States Lime & Minerals had a return on equity of 21.28% and a net margin of 35.40%.The business had revenue of $99.13 million for the quarter, compared to analyst estimates of $108.00 million.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of United States Lime & Minerals by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 927,176 shares of the construction company’s stock worth $111,020,000 after buying an additional 58,980 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of United States Lime & Minerals by 85.0% in the first quarter. First Trust Advisors LP now owns 441,951 shares of the construction company’s stock worth $57,723,000 after acquiring an additional 203,030 shares during the last quarter. Select Equity Group L.P. lifted its stake in shares of United States Lime & Minerals by 4.8% during the second quarter. Select Equity Group L.P. now owns 356,190 shares of the construction company’s stock valued at $35,548,000 after buying an additional 16,404 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in United States Lime & Minerals by 3.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 326,142 shares of the construction company’s stock worth $39,053,000 after buying an additional 10,828 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in United States Lime & Minerals by 10.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 325,922 shares of the construction company’s stock valued at $39,026,000 after acquiring an additional 30,462 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.