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Martin Marietta Materials, Inc.

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.

Aggregates Business

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.

Cement Business

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.

Fundamentals

Optimized Dividends

Annual Dividends

Year Amount Change
2006 0.0c
2007 0.0c 0%
2008 0.0c 0%
2009 0.0c 0%
2010 0.0c 0%
2011 0.0c 0%
2012 120.0c 100%
2013 160.0c 33.3%
2014 160.0c 0%
2015 160.0c 0%
2016 164.0c 2.5%
2017 172.0c 4.9%
2018 184.0c 7.0%
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Dividends

Ex-Div Date Pay Date Year Type Frequency Status Amount
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
30 Aug 2019 30 Sep 2019 2019 Interim Quarterly Paid 55c
29 Nov 2019 31 Dec 2019 2019 Final Quarterly Declared 55c
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Martin Marietta Materials, Inc. optimized dividend - 12 month history

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