Martin Marietta Materials, Inc. (MLM)
Martin Marietta Materials, Inc., incorporated on November 12, 1993, is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications. The Company's Aggregates business operates through three segments: the Mid-America Group, Southeast Group and West Group. The Company's business is categorized into Aggregates Business, Cement Business and Magnesia Specialties Business. Its Cement business is reported through the Cement segment. Its Magnesia Specialties business manufactures and markets magnesia-based chemical products used in industrial, agricultural, and environmental applications, and dolomitic lime sold to customers in the steel industry. Its Aggregates business consists of mining, processing, and selling granite, limestone, sand and gravel. Its Aggregates business also includes aggregates-related downstream product lines (including its building materials, such as asphalt products, ready mixed concrete, and road paving construction services). It is also a supplier of cement, ready mixed concrete, and asphalt and paving services. Its Cement business produces Portland and specialty cements.
The Aggregates business mines, processes and sells granite, limestone, sand, gravel and other aggregates products. The Aggregates business also includes the operation of other construction materials businesses. These businesses include ready mixed concrete, and asphalt and road paving operations in Arkansas, Colorado, Louisiana, Texas and Wyoming. The Company supplies aggregates to the construction industry in the United States. As of December 31, 2016, the Company's Aggregates business shipped and delivered aggregates, asphalt products and ready mixed concrete from a network of approximately 300 quarries, underground mines, and distribution facilities, and approximately 150 ready mixed concrete plants. As of December 31, 2016, the Company operated 14 active underground mines, located in the Mid-America Group. The Company's transportation modes that have been developed with various rail carriers and via deep-water ships help in serving the customers in the southeastern and southwestern regions of the United States.
The Cement business produces Portland and specialty cements and is used in the production of cement is calcium carbonate in the form of limestone. As of December 31, 2016, the Company owned more than 600 million tons of limestone reserves adjacent to its two cement production plants in Texas. Cement is used in infrastructure projects, nonresidential and residential construction, and the railroad, agricultural, utility and environmental industries. As of December 31, 2016, these plants had a combined annual capacity of 4.5 million tons, as well as a permit that provided an 800,000-ton-expansion opportunity at the Midlothian plant. As of December 31, 2016, it also operated five cement distribution terminals in Texas. The Company's cement manufacturing facilities include kilns, crushers, pre-heaters/calciners, coolers, finish mills and other equipment used to process limestone and other raw materials into cement, as well as equipment used to extract and transport the limestone from the adjacent quarries. The limestone reserves used as a raw material for cement are located on property, owned by the Company, adjacent to each of the cement plants.
Magnesia Specialties Business
The Company manufactures and markets, through its Magnesia Specialties business, magnesia-based chemical products for industrial, agricultural and environmental applications, and dolomitic lime for use primarily in the steel industry. These chemical products have varying uses, including flame retardants, wastewater treatment, pulp and paper production and other environmental applications. The raw materials used in the Magnesia Specialties business are dolomitic limestone and alkali-rich brine.
- Construction & Materials
- 🇺🇸 United States
- $252.71 yesterday's close
52 Week High1.24%20 August 2019
52 Week Low1.11%08 August 2019
Next Ex-Div-Date Countdown
|Ex-Div Date||Pay Date||Year||Type||Frequency||Status||Amount|
|28 Feb 2012||30 Mar 2012||2011||Interim||Quarterly||Paid||40c|
|30 May 2012||29 Jun 2012||2012||Interim||Quarterly||Paid||40c|
|30 Aug 2012||28 Sep 2012||2012||Interim||Quarterly||Paid||40c|
|28 Nov 2012||31 Dec 2012||2012||Final||Quarterly||Paid||40c|
|27 Feb 2013||29 Mar 2013||2013||Interim||Quarterly||Paid||40c|
|30 May 2013||28 Jun 2013||2013||Interim||Quarterly||Paid||40c|
|29 Aug 2013||30 Sep 2013||2013||Interim||Quarterly||Paid||40c|
|27 Nov 2013||31 Dec 2013||2013||Final||Quarterly||Paid||40c|
|27 Feb 2014||31 Mar 2014||2014||Interim||Quarterly||Paid||40c|
|29 May 2014||30 Jun 2014||2014||Interim||Quarterly||Paid||40c|
|28 Aug 2014||30 Sep 2014||2014||Interim||Quarterly||Paid||40c|
|26 Nov 2014||31 Dec 2014||2014||Final||Quarterly||Paid||40c|
|26 Feb 2015||31 Mar 2015||2015||Interim||Quarterly||Paid||40c|
|28 May 2015||30 Jun 2015||2015||Interim||Quarterly||Paid||40c|
|28 Aug 2015||30 Sep 2015||2015||Interim||Quarterly||Paid||40c|
|27 Nov 2015||31 Dec 2015||2015||Final||Quarterly||Paid||40c|
|26 Feb 2016||31 Mar 2016||2016||Interim||Quarterly||Paid||40c|
|27 May 2016||30 Jun 2016||2016||Interim||Quarterly||Paid||40c|
|30 Aug 2016||30 Sep 2016||2016||Interim||Quarterly||Paid||42c|
|29 Nov 2016||30 Dec 2016||2016||Final||Quarterly||Paid||42c|
|02 Mar 2017||31 Mar 2017||2017||Interim||Quarterly||Paid||42c|
|30 May 2017||30 Jun 2017||2017||Interim||Quarterly||Paid||42c|
|31 Aug 2017||29 Sep 2017||2017||Interim||Quarterly||Paid||44c|
|30 Nov 2017||29 Dec 2017||2017||Final||Quarterly||Paid||44c|
|02 Mar 2018||29 Mar 2018||2018||Interim||Quarterly||Paid||44c|
|31 May 2018||29 Jun 2018||2018||Interim||Quarterly||Paid||44c|
|31 Aug 2018||28 Sep 2018||2018||Interim||Quarterly||Paid||48c|
|30 Nov 2018||31 Dec 2018||2018||Final||Quarterly||Paid||48c|
|01 Mar 2019||29 Mar 2019||2019||Interim||Quarterly||Paid||48c|
|31 May 2019||28 Jun 2019||2019||Interim||Quarterly||Paid||48c|
Martin Marietta Materials, Inc. optimized dividend - 12 month history
Martin Marietta Materials, Inc. share price - 12 month history
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