Martin Marietta Materials's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Martin Marietta Materials (NYSE:MLM) announced a quarterly dividend of 74 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on March 28, 2024. The stock is expected to open 74 cents lower on the ex-dividend date.
February 27, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Martin Marietta Materials announces a quarterly dividend of 74 cents per share, with an ex-dividend date this Friday. Eligible shareholders will receive the payout on March 28, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, MLM is expected to open 74 cents lower on the ex-dividend date, indicating a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100