Martin Marietta’s (MLM) board approved an increase in its quarterly cash dividend, raising it to 83c per share from 79c per share. The dividend is payable September 30 to shareholders of record at the close of business on September 2. CEO Ward Nye stated this is the company’s “tenth consecutive annual dividend increase.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLM:
- Martin Marietta price target raised to $637 from $609 at Stifel
- Martin Marietta price target raised to $700 from $625 at DA Davidson
- Martin Marietta price target raised to $645 from $600 at Raymond James
- Martin Marietta price target raised to $525 from $515 at RBC Capital
- Strong Financial Performance and Positive Outlook Drive Buy Rating for Martin Marietta Materials