Martin Marietta Increases Quarterly Cash Dividend From $0.66 To $0.74/Share
Portfolio Pulse from Happy Mohamed
Martin Marietta Materials, Inc. (NYSE:MLM) has announced a 12% increase in its quarterly cash dividend, raising it from $0.66 per share to $0.74 per share. The dividend is payable on September 29, 2023, to shareholders of record at the close of business on September 1, 2023. This marks the company's eighth consecutive year of dividend rate increase.
August 10, 2023 | 7:12 pm
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Martin Marietta's decision to increase its quarterly cash dividend by 12% could potentially attract more investors, leading to a positive impact on its stock price in the short term.
Dividend increases are generally seen as a positive signal by the market, indicating a company's strong financial health and its ability to generate sufficient cash flow. This could attract more investors to buy the stock, leading to an increase in demand and potentially a rise in the stock price.
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