The American construction supplier Vulcan Materials Company (ISIN: US9291601097, NYSE: VMC) will pay a quarterly dividend of 43 US cents to its shareholders on March 20, 2023. The record date is March 6, 2023. Compared to the previous quarter (40 US cents), this is an increase of 7.5 percent.
Extrapolated for the year as a whole, the group will therefore pay out 1.72 US dollars. At the current stock market price of $184.13 (as of February 10, 2023), this corresponds to a current dividend yield of 0.93 percent.
Vulcan Materials from Birmingham, in the US state of Alabama, was founded in 1909. The group is one of the largest manufacturers of building materials in the USA. The core products include gravel, crushed stone and sand. For the third quarter ended September 30, fiscal 2022, Vulcan Materials had sales of $2.09 billion (prior year: $1.52 billion) as reported on November 2, 2022. Net income was $177.1 million (prior year: $176.9 million). Fourth quarter results will be presented on February 16, 2023.
The stock has been up 5.15 percent on Wall Street since the beginning of 2023 (as of February 10, 2023). The market capitalization is currently 24.47 billion US dollars.
Editorial team MyDividends.de
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