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

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) announced a quarterly dividend on Wednesday, July 30th, NASDAQ Dividends reports. Stockholders of record on Friday, August 22nd will be given 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

Shares of United States Lime & Minerals stock traded down $0.56 on Friday, reaching $99.02. The stock had a trading volume of 169,677 shares, compared to its average volume of 129,766. The business's 50-day moving average price is $102.89 and its two-hundred day moving average price is $100.41. United States Lime & Minerals has a fifty-two week low of $65.45 and a fifty-two week high of $159.53. The stock has a market cap of $2.83 billion, a P/E ratio of 22.71 and a beta of 0.98.

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

Hedge Funds Weigh In On United States Lime & Minerals

Several institutional investors have recently modified their holdings of the stock. American Century Companies Inc. increased its position in shares of United States Lime & Minerals by 1.9% in the 4th quarter. American Century Companies Inc. now owns 71,600 shares of the construction company's stock valued at $9,504,000 after buying an additional 1,332 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of United States Lime & Minerals during the 4th quarter valued at about $332,000. Vanguard Group Inc. increased its stake in United States Lime & Minerals by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 714,224 shares of the construction company's stock worth $94,806,000 after purchasing an additional 10,614 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in United States Lime & Minerals by 486.5% during the 4th quarter. JPMorgan Chase & Co. now owns 62,736 shares of the construction company's stock worth $8,328,000 after buying an additional 52,039 shares during the period. Finally, Norges Bank bought a new position in United States Lime & Minerals in the fourth quarter valued at approximately $2,496,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.

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