Martin Marietta Materials, Inc. ( MLM ) will begin trading ex-dividend on August 31, 2018. A cash dividend payment of $0.48 per share is scheduled to be paid on September 28, 2018. Shareholders who purchased MLM prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 9.09% increase over prior dividend payment. At the current stock price of $206.94, the dividend yield is .93%.
The previous trading day's last sale of MLM was $206.94, representing a -14.25% decrease from the 52 week high of $241.33 and a 9.34% increase over the 52 week low of $189.27.
MLM is a part of the Basic Industries sector, which includes companies such as Vulcan Materials Company ( VMC ) and Teck Resources Ltd ( TECK ). MLM's current earnings per share, an indicator of a company's profitability, is $11.42. Zacks Investment Research reports MLM's forecasted earnings growth in 2018 as 30.5%, compared to an industry average of 36.2%.
Interested in gaining exposure to MLM through an Exchange Traded Fund [ETF]?
The following ETF(s) have MLM as a top-10 holding:
- Invesco Dynamic Building & Construction ETF ( PKB )
- Invesco S&P 500 Equal Weight Materials ETF ( RTM )
- Materials Select Sector SPDR ( XLB ).
The top-performing ETF of this group is XLB with an increase of 5.88% over the last 100 days. PKB has the highest percent weighting of MLM at 4.74%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.