Vulcan Materials Company (NYSE:VMC) to Issue $0.52 Quarterly Dividend

Key Points

• Vulcan Materials declared a quarterly dividend of $0.52 per share, payable September 2 to shareholders of record August 13. The dividend implies an annualized payout of $2.08 and a 0.7% yield.
• The company has raised its dividend for 12 consecutive years, with a 20.7% payout ratio. Analysts expect earnings to cover the projected annual dividend comfortably, with a future payout ratio of about 19.7%.
• Vulcan reported quarterly earnings of $2.59 per share, topping estimates of $2.46, while revenue rose 2.5% year over year to $2.16 billion.

Vulcan Materials Company (NYSE:VMC - Get Free Report) announced a quarterly dividend on Friday, July 10th. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.52 per share by the construction company on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 13th.

Vulcan Materials has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. Vulcan Materials has a payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vulcan Materials to earn $10.55 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 19.7%.

Vulcan Materials Price Performance

Shares of VMC opened at $284.80 on Tuesday. The business has a 50-day moving average of $289.63 and a 200-day moving average of $288.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The company has a market capitalization of $36.90 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. Vulcan Materials has a 1 year low of $252.35 and a 1 year high of $331.09.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.46 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The firm's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.42 earnings per share. As a group, equities research analysts anticipate that Vulcan Materials will post 9.29 earnings per share for the current year.

About Vulcan Materials

Vulcan Materials Company NYSE: VMC is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company's primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.

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