Vulcan Materials Company (NYSE:VMC) Plans $0.52 Quarterly Dividend

Vulcan Materials Company (NYSE:VMC) announced a quarterly dividend on Friday, July 10th. Investors of record on Thursday, August 13th will be paid a dividend of 0.52 per share by the construction company on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 13th.

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. Equities research analysts expect Vulcan Materials to earn $10.55 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 Up 0.0%

Vulcan Materials stock opened at $284.80 on Tuesday. Vulcan Materials has a one year low of $252.35 and a one year high of $331.09. The stock has a fifty day moving average of $289.63 and a 200 day moving average of $288.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76. The stock has a market cap of $36.90 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the firm posted $2.42 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Vulcan Materials will post 9.29 EPS for the current 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.