United States Lime & Minerals, Inc. (NASDAQ:USLM) Declares $0.06 Quarterly Dividend

Key Points

• United States Lime & Minerals, Inc. announced a quarterly dividend of $0.06 per share, with the ex-dividend date set for August 22nd, and payment scheduled for September 12th.
• The company reported earnings per share of $1.07 for the quarter, missing estimates of $1.14, with revenue of $91.52 million compared to the anticipated $101 million.
• Institutional investors own 27.12% of the company's stock, indicating increased interest as several firms, including JPMorgan Chase & Co., have significantly raised their positions in recent months.

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, NASDAQ Dividends reports. Stockholders of record on Friday, August 22nd will be paid a dividend of 0.06 per share by the construction company on Friday, September 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 22nd.

United States Lime & Minerals has a dividend payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings.

United States Lime & Minerals Stock Performance

United States Lime & Minerals stock traded up $0.69 during midday trading on Tuesday, hitting $104.33. 40,185 shares of the company were exchanged, compared to its average volume of 128,465. The firm has a market capitalization of $2.99 billion, a PE ratio of 23.95 and a beta of 0.98. United States Lime & Minerals has a fifty-two week low of $68.85 and a fifty-two week high of $159.53. The business has a fifty day simple moving average of $102.83 and a two-hundred day simple moving average of $99.81.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The construction company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). The company had revenue of $91.52 million for the quarter, compared to analyst estimates of $101.00 million. United States Lime & Minerals had a return on equity of 24.99% and a net margin of 35.57%.

Hedge Funds Weigh In On United States Lime & Minerals

Hedge funds have recently bought and sold shares of the business. State of Wyoming purchased a new position in shares of United States Lime & Minerals in the fourth quarter valued at approximately $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in United States Lime & Minerals in the fourth quarter valued at $36,000. National Bank of Canada FI purchased a new stake in United States Lime & Minerals in the fourth quarter valued at $72,000. State of Tennessee Department of Treasury purchased a new stake in United States Lime & Minerals in the fourth quarter valued at $181,000. Finally, Dark Forest Capital Management LP purchased a new stake in United States Lime & Minerals in the fourth quarter valued at $204,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

About United States Lime & Minerals

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.