Vulcan Materials Company (NYSE:VMC) Announces Quarterly Dividend of $0.49

Key Points

• Vulcan Materials Company announced a quarterly dividend of $0.49 per share, payable on November 25th to stockholders of record on November 10th, translating to a dividend yield of 0.7%.
• The company reported a payout ratio of 19.5%, indicating that its dividend is well-covered by earnings, with expectations of $9.72 earnings per share next year.
• Despite a slight 0.5% decline in stock price to $301.48, Vulcan has a market capitalization of $39.83 billion and a robust debt-to-equity ratio of 0.52.

Vulcan Materials Company (NYSE:VMC - Get Free Report) announced a quarterly dividend on Friday, October 10th, RTT News reports. Stockholders of record on Monday, November 10th will be given a dividend of 0.49 per share by the construction company on Tuesday, November 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%.

Vulcan Materials has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Vulcan Materials to earn $9.72 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 20.2%.

Vulcan Materials Stock Down 0.5%

Shares of NYSE VMC traded down $1.42 during mid-day trading on Friday, reaching $301.48. The company had a trading volume of 570,841 shares, compared to its average volume of 992,265. The stock has a fifty day moving average of $293.75 and a two-hundred day moving average of $270.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The company has a market capitalization of $39.83 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 2.49 and a beta of 0.92. Vulcan Materials has a 12-month low of $215.08 and a 12-month high of $309.17.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.65 by ($0.20). The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.Vulcan Materials's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $2.35 earnings per share. As a group, equities research analysts expect that Vulcan Materials will post 8.69 EPS for the current year.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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