Martin Marietta Materials, Inc. (NYSE:MLM) Updates On Dividend Release Date


On 2016-08-22, Martin Marietta Materials, Inc. (NYSE:MLM) confirmed the dividend disbursement of $0.42 a share to shareholders as on record 2016-09-01. The firm will release dividend on 2016-09-30 while ex-dividend date is reported to be 2016-08-30.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Martin Marietta Materials, Inc. (NYSE:MLM) paid a total of $0.42 per share in dividends. This figure stood at $0.42 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $198.8 on the stock. This figure is the average of recommendations offered by 5 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $235 and $166, respectively.

Taking the mathematical rating formula, the price for Martin Marietta Materials, Inc. (NYSE:MLM) stands at 2.2. Earnings Review Martin Marietta Materials, Inc. (NYSE:MLM) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-01. For the period ending on 2016-09-30, experts are expecting EPS of $2.86.

Coming to the quarter ending on 2015-12-31, Martin Marietta Materials, Inc. (NYSE:MLM) recorded EPS of $1.9. The reported numbers came lower than the analysts’ estimates of $2.04, demonstrating a miss of $-0.14 as against reported figures.

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