Vulcan Materials Company (VMC) to Issue Quarterly Dividend of $0.52 on June 5th

Vulcan Materials Company (NYSE:VMC) announced a quarterly dividend on Friday, May 8th. Stockholders of record on Friday, May 22nd will be given a dividend of 0.52 per share by the construction company on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, May 22nd.

Vulcan Materials has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Vulcan Materials has a payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Vulcan Materials to earn $10.58 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 19.7%.

Vulcan Materials Stock Down 2.6%

Shares of NYSE:VMC opened at $259.43 on Wednesday. Vulcan Materials has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The firm’s 50-day simple moving average is $279.35 and its 200-day simple moving average is $291.56. The company has a market cap of $33.66 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 1.93 and a beta of 1.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. As a group, equities research analysts predict that Vulcan Materials will post 9.29 earnings per share for the current year.

Vulcan Materials Company Profile

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.