Vulcan Materials Company Announces Increased Dividend Payout
Vulcan Materials Company Elevates Quarterly Dividend
Vulcan Materials Company (NYSE: VMC) has announced an increase in its quarterly cash dividend, much to the delight of its shareholders. The Board of Directors declared a new dividend of $0.49 per share on common stock, marking a commendable increase from the previous figure of $0.46 per share. This sharp rise is a reflection of the company’s robust business strategies and growth outlook.
Details of the Dividend Announcement
The dividend will be available on an upcoming date to shareholders who are on record by a specific cutoff time. This strategic decision highlights the company’s consistent performance and ongoing commitment to share value enhancement over time.
Reflections from Leadership
Tom Hill, the Chairman and Chief Executive Officer, expressed his satisfaction regarding this dividend increment. He noted that this is the eighth consecutive year of increasing dividends, showcasing the sturdy growth of Vulcan. The trajectory of financial health underlines the firm’s operational excellence, consistent cash generation, and sound commitment to maximizing shareholder returns.
About Vulcan Materials Company
As the leading producer of construction aggregates in the United States, Vulcan Materials excels in providing high-quality crushed stone, sand, and gravel. Their comprehensive range of building materials also includes asphalt and ready-mixed concrete, thereby supporting a diverse portfolio of construction projects across the nation. With headquarters in Birmingham, Alabama, Vulcan stands tall as a significant player in the construction materials industry.
Investor and Media Contact Information
If you’re looking for further details about Vulcan’s operations or wish to get in touch, the Investor Contact is Mark Warren, reachable at (205) 298-3220. For media inquiries, both Janet Kavinoky and Jack Bonnikson can be contacted at the same number. They stand ready to provide insights into Vulcan’s ongoing projects and market position.
Frequently Asked Questions
What is the new dividend declared by Vulcan Materials Company?
The new quarterly dividend is set at $0.49 per share, an increase from the previous $0.46 per share.
How often does Vulcan increase its dividends?
Vulcan Materials Company has consistently increased its dividend for eight consecutive years, demonstrating strong financial health.
What products does Vulcan Materials Company produce?
Vulcan is the largest producer of construction aggregates, primarily offering crushed stone, sand, gravel, and aggregates-based construction materials such as asphalt and ready-mixed concrete.
Where is Vulcan Materials Company headquartered?
The company is headquartered in Birmingham, Alabama, positioning it strategically within the industry.
Who can I contact for more information about Vulcan?
For investor relations, you can reach Mark Warren at (205) 298-3220. Media inquiries can be directed to Janet Kavinoky or Jack Bonnikson, who can also be contacted at the same number.
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