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Construction Supplier Vulcan Materials Will Increase Its Dividend By 10.7%

US construction supplier Vulcan Materials Company (NYSE: VMC) pays a quarterly dividend of 31 US cents to its shareholders. The payout will take place on March 8, 2019 (Record date: February 22, 2019). This is an increase of 10.7 percent compared to the previous quarter (28 cents).

Extrapolated to the year as a whole, the Group pays out $ 1.24. At the current market price of $ 103.47 (as of February 8, 2019), this corresponds to a current dividend yield of 1.20 percent.

Vulcan Materials, based in Birmingham, Alabama, was founded in 1909. The group is one of the largest construction materials manufacturers in the USA. The core products include gravel, gravel and sand. In the third quarter of fiscal year 2018, Vulcan Materials posted sales of $ 1.24 billion ($ 1.1 billion). Net income was $ 179.15 million (previous year: $ 108.6 million).

The stock is listed on Wall Street and has been there since the beginning of the year with 4.73 percent in the plus. The market capitalization is currently 13.7 billion US dollars (as of 8 February 2019).

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