Martin Marietta Materials's last quarterly dividend was on Aug 31, 2023 (ex-date) with a distribution of $0.74 per share. On an annualized basis, the company has a current payout of $2.72 per share. This brings the dividend yield to 0.66% based on its recent close price. The latest dividend has increased by $0.08, or 12% from the prior dividend.
Martin Marietta Materials's dividend yield of 0.66% is below the Basic Materials sector and the industry average. Compared to its Basic Materials sector average of 1.99%, Martin Marietta Materials's dividend yield is 67% lower. Historically MLM's dividend yield has averaged at 0.8% in the last 5 years, which is above the current yield.
Martin Marietta Materials has been paying dividends since 1994. MLM has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 9% for the last twelve months. But with the stock price up by 28% from a year ago, the dividend yield has decreased by 15%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Aug 31, 2023 | Sep 29, 2023 | Aug 10, 2023 | $0.74 | normal |
May 31, 2023 | Jun 30, 2023 | May 11, 2023 | $0.66 | normal |
Mar 3, 2023 | Mar 31, 2023 | Feb 23, 2023 | $0.66 | normal |
Nov 30, 2022 | Dec 30, 2022 | Nov 10, 2022 | $0.66 | normal |
Aug 31, 2022 | Sep 30, 2022 | Aug 10, 2022 | $0.66 | normal |
May 31, 2022 | Jun 30, 2022 | May 12, 2022 | $0.61 | normal |
Feb 28, 2022 | Mar 31, 2022 | Feb 17, 2022 | $0.61 | normal |
Nov 30, 2021 | Dec 31, 2021 | Nov 11, 2021 | $0.61 | normal |
Aug 31, 2021 | Sep 30, 2021 | Aug 12, 2021 | $0.61 | normal |
May 28, 2021 | Jun 30, 2021 | May 13, 2021 | $0.57 | normal |
Feb 26, 2021 | Mar 31, 2021 | Feb 18, 2021 | $0.57 | normal |
Nov 30, 2020 | Dec 31, 2020 | Nov 12, 2020 | $0.57 | normal |
Aug 31, 2020 | Sep 30, 2020 | Aug 13, 2020 | $0.57 | normal |
May 29, 2020 | Jun 30, 2020 | May 14, 2020 | $0.55 | normal |
Feb 28, 2020 | Mar 31, 2020 | Feb 20, 2020 | $0.55 | normal |
Nov 29, 2019 | Dec 31, 2019 | Nov 7, 2019 | $0.55 | normal |
Aug 30, 2019 | Sep 30, 2019 | Aug 14, 2019 | $0.55 | normal |
May 31, 2019 | Jun 28, 2019 | May 9, 2019 | $0.48 | normal |
Mar 1, 2019 | Mar 29, 2019 | Feb 21, 2019 | $0.48 | normal |
Nov 30, 2018 | Dec 31, 2018 | Nov 15, 2018 | $0.48 | normal |
Aug 31, 2018 | Sep 28, 2018 | Aug 23, 2018 | $0.48 | normal |
May 31, 2018 | Jun 29, 2018 | May 17, 2018 | $0.44 | normal |
Mar 2, 2018 | Mar 29, 2018 | Feb 22, 2018 | $0.44 | normal |
Nov 30, 2017 | Dec 29, 2017 | Nov 16, 2017 | $0.44 | normal |
Aug 31, 2017 | Sep 29, 2017 | Aug 24, 2017 | $0.44 | normal |
May 30, 2017 | Jun 30, 2017 | May 19, 2017 | $0.42 | normal |
Mar 2, 2017 | Mar 31, 2017 | Feb 24, 2017 | $0.42 | normal |
Nov 29, 2016 | Dec 30, 2016 | Nov 11, 2016 | $0.42 | normal |
Aug 30, 2016 | Sep 30, 2016 | Aug 22, 2016 | $0.42 | normal |
May 27, 2016 | Jun 30, 2016 | May 19, 2016 | $0.4 | normal |
Feb 26, 2016 | Mar 31, 2016 | Feb 19, 2016 | $0.4 | normal |
Nov 27, 2015 | Dec 31, 2015 | Nov 13, 2015 | $0.4 | normal |
Aug 28, 2015 | Sep 30, 2015 | Aug 21, 2015 | $0.4 | normal |
Martin Marietta Materials's payout ratio of 17.8% is above the industry average but below the Basic Materials sector average. Compared to its Basic Materials sector average of 27.9%, Martin Marietta Materials's payout ratio is 36% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
OXY Occidental Petroleum Corp | 1.06% | $0.67 | 10.4% |
MLM Martin Marietta Materials Inc | 0.66% | $2.72 | 17.8% |
USLM United States Lime & Minerals Inc | 0.4% | $0.8 | 7.2% |
Yes, Martin Marietta Materials has paid four dividends in the last twelve months. MLM has been paying dividends since 1994.
At this point we don't have a record of MLM's next dividend date, but based on the current dividend schedule we project that it will likely be in November 2023.
Martin Marietta Materials's last dividend ex-date was on Aug 31, 2023. The dividend amount was $0.74 per share.
On an annual basis MLM pays $2.72 per share.
The current dividend yield of Martin Marietta Materials is 0.66%.
Martin Marietta Materials pays dividends quarterly.
The dividend payout ratio of Martin Marietta Materials is 17.8%.
Martin Marietta Materials's dividend yield is below the Basic Materials sector average.