Eagle Materials Inc (NYSE:EXP) Shareholders to Get $0.25 Quarterly Dividend

Eagle Materials Inc (NYSE:EXP) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, December 14th will be given a dividend of $0.25 per share by the construction company on Monday, January 11th. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 14th.

Eagle Materials has raised its dividend payment by an average of 0.6% per year over the last three years. Eagle Materials has a dividend payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eagle Materials to earn $13.02 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.7%.

Eagle Materials Stock Performance

NYSE:EXP opened at $201.95 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. The stock has a 50-day simple moving average of $179.76 and a two-hundred day simple moving average of $202.36. The firm has a market capitalization of $6.19 billion, a PE ratio of 16.06 and a beta of 1.29. Eagle Materials has a 52-week low of $160.02 and a 52-week high of $245.53.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, November 4th. The construction company reported $3.63 EPS for the quarter, missing the consensus estimate of $3.82 by ($0.19). Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%. The company had revenue of $652.75 million during the quarter, compared to the consensus estimate of $633.08 million. During the same period last year, the business earned $4.23 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts forecast that Eagle Materials will post 12.02 EPS for the current year.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE: EXP) is a U.S.-based manufacturer of building materials used in residential, commercial, infrastructure and industrial construction. The company’s principal products include cement, gypsum wallboard, concrete and aggregates.

Its cement business produces and distributes Portland cement and related cement products, while its gypsum wallboard business supplies panels used in interior construction. Eagle Materials also provides ready-mixed concrete and construction aggregates, including crushed stone, sand and gravel, for building and infrastructure projects.

The company traces its history to Centex Construction Products, which was spun off from Centex Corporation in 1994 and later adopted the Eagle Materials name.