StockNews.AI
VMC
StockNews.AI
186 days

VULCAN INCREASES QUARTERLY DIVIDEND ON COMMON STOCK

1. Vulcan Materials announced a 7% dividend increase to $0.49 per share. 2. The increased dividend reflects strong financial performance and shareholder focus. 3. This marks the eighth consecutive year of dividend growth for Vulcan Materials. 4. Vulcan is a leading producer of construction aggregates in the U.S. 5. The dividend payment date is set for March 24, 2025.

4m saved
Insight
Article

FAQ

Why Bullish?

The dividend increase indicates strong financial health, which can boost investor confidence. Historically, sustained dividend growth has correlated with stock price appreciation for stable companies.

How important is it?

The article directly discusses a significant financial action, impacting shareholder value. Dividend announcements are crucial for evaluating company stability and growth potential.

Why Long Term?

The continued commitment to increasing dividends suggests a long-term positive influence for VMC. Past dividend hikes have shown a positive impact on stock performance over time.

Related Companies

, /PRNewswire/ --The Board of Directors of Vulcan Materials Company (NYSE: VMC) today declared a quarterly cash dividend of $0.49 per share on its common stock. The dividend will be payable on March 24, 2025, to shareholders of record at the close of business on March 10, 2025. The new quarterly dividend represents an increase of 7 percent from $0.46 to $0.49 per share. Chairman and Chief Executive Officer, Tom Hill, said, "I am pleased to announce a dividend increase for the eighth consecutive year. This increase reflects the favorable outlook supported by our durable growth business model, strong cash generation, underlying financial strength, and enduring commitment to delivering shareholder value." Vulcan Materials Company, a member of the S&P 500 Index with headquarters in Birmingham, Alabama, is the nation's largest producer of construction aggregates—primarily crushed stone, sand and gravel—and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete.  For additional information about Vulcan, go to www.vulcanmaterials.com. Investor Contact: Mark Warren (205) 298-3220Media Contact: Janet Kavinoky (205) 298-3220Media Contact: Jack Bonnikson (205) 298-3220 SOURCE Vulcan Materials Company WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News