The Monarch Cement Company (OTCMKTS:MCEM – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $203.79 and traded as high as $229.00. Monarch Cement shares last traded at $228.00, with a volume of 978 shares changing hands.
Monarch Cement Price Performance
The firm has a fifty day simple moving average of $220.91 and a 200 day simple moving average of $204.04. The company has a market capitalization of $834.48 million, a price-to-earnings ratio of 10.76 and a beta of 0.61.
Monarch Cement Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Friday, February 14th. Monarch Cement’s dividend payout ratio (DPR) is currently 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.
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