Vulcan Materials Company (VMC) To Go Ex-Dividend on August 13th

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 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 increased its dividend every year for the last 12 years. Vulcan Materials has a payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Equities 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%

NYSE:VMC opened at $284.80 on Tuesday. The firm has a market capitalization of $36.90 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 2.05 and a beta of 1.06. The business’s fifty day moving average price is $289.63 and its 200 day moving average price is $288.93. Vulcan Materials has a 1-year low of $252.35 and a 1-year high of $331.09. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47.

Vulcan Materials (NYSE:VMC) last posted its quarterly 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 net margin of 13.75% and a return on equity of 13.05%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the business posted $2.42 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Vulcan Materials will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Company Profile

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.