Eagle Materials Inc Announces Quarterly Dividend of $0.25 (NYSE:EXP)

Key Points

• Eagle Materials Inc has declared a quarterly dividend of $0.25 per share, which will be paid to stockholders on October 16th, 2023, for shares recorded by September 15th.
• The company has a payout ratio of 6.5%, indicating that its dividend is well-supported by earnings, with expected earnings of $15.75 per share next year.
• Shares of Eagle Materials (NYSE:EXP) saw a decrease of 2.1% during trading, closing at $220.66, with a market capitalization of $7.16 billion.

Eagle Materials Inc (NYSE:EXP - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.25 per share by the construction company on Thursday, October 16th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, September 15th.

Eagle Materials has a payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eagle Materials to earn $15.75 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 6.3%.

Eagle Materials Stock Performance

NYSE EXP traded up $1.04 on Friday, hitting $225.29. 268,416 shares of the stock were exchanged, compared to its average volume of 429,493. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The business's fifty day moving average is $211.33 and its 200 day moving average is $222.36. Eagle Materials has a 52 week low of $191.91 and a 52 week high of $321.93. The company has a market capitalization of $7.31 billion, a PE ratio of 16.59 and a beta of 1.24.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The firm had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. Research analysts anticipate that Eagle Materials will post 14.39 EPS for the current fiscal year.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.