Martin Marietta Keeps Dividend Steady

Construction aggregates-maker Martin Marietta Materials  announced yesterday its second-quarter dividend of $0.40 per share, the same rate it's paid since 2008.

The board of directors said the quarterly dividend is payable on June 28 to the holders of record at the close of business on June 3. Martin Marietta has made a quarterly payout consistently since 1994.

The regular dividend payment equates to a $1.60-per-share annual dividend, yielding 1.4% based on the closing price of Martin Marietta Materials' stock on May 23.


MLM Dividend Chart

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The article Martin Marietta Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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