United States Lime & Minerals, Inc. (NASDAQ:USLM) Shares Set to Pay Quarterly Dividend of $0.06

Key Points

• United States Lime & Minerals declared a quarterly dividend of $0.06 per share, payable December 11 to shareholders of record November 20. The annualized dividend is $0.24, a yield of about 0.2%.
• The dividend payout ratio is 4.8%, suggesting earnings comfortably cover the payment; the company has raised its dividend for two consecutive years.
• Quarterly results fell short of analyst expectations: earnings were $1.32 per share versus $1.48 forecast, and revenue was $106.19 million versus $122 million expected.

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, November 20th will be paid a dividend of $0.06 per share by the construction company on Friday, December 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 20th.

United States Lime & Minerals has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. United States Lime & Minerals has a dividend payout ratio of 4.8% indicating that its dividend is sufficiently covered by earnings.

United States Lime & Minerals Stock Performance

USLM traded up $2.05 during trading on Tuesday, hitting $121.04. 179,120 shares of the stock were exchanged, compared to its average volume of 155,401. The firm has a 50 day simple moving average of $112.73 and a 200 day simple moving average of $115.20. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 26.09 and a beta of 0.66. United States Lime & Minerals has a 1 year low of $96.27 and a 1 year high of $141.43.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its earnings results on Friday, October 30th. The construction company reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.16). United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%. The firm had revenue of $106.19 million for the quarter, compared to the consensus estimate of $122.00 million.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.

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