Vulcan Materials (NYSE:VMC) announced a quarterly dividend on Friday, February 9th, RTT News reports. Stockholders of record on Friday, February 23rd will be paid a dividend of 0.28 per share by the construction company on Friday, March 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25.
Vulcan Materials has increased its dividend by an average of 65.7% annually over the last three years and has raised its dividend every year for the last 4 years. Vulcan Materials has a payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vulcan Materials to earn $4.09 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 24.4%.
Shares of Vulcan Materials (NYSE VMC) traded up $3.53 on Friday, hitting $125.00. The stock had a trading volume of 1,308,610 shares, compared to its average volume of 1,505,333. The company has a market cap of $16,450.00, a P/E ratio of 42.66, a PEG ratio of 1.88 and a beta of 0.84. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $141.20.
In related news, insider Michael R. Mills sold 4,659 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the sale, the insider now owns 45,351 shares in the company, valued at approximately $6,043,020.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total value of $502,985.28. Following the completion of the sale, the insider now owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
Vulcan Materials Company Profile
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.