NYSE:MLMBasic Materials
Martin Marietta Materials (MLM): Assessing Valuation After Dividend Boost and Renewed Shareholder Confidence
If you own Martin Marietta Materials (MLM) stock or have been keeping an eye on it, the company just gave investors something to talk about. The Board has approved a higher quarterly dividend, bumping the payout up to $0.83 per share. This kind of move generally signals confidence from management in the underlying business, and the timing is interesting, especially with investors still searching for reliable income plays as the Federal Reserve holds off on cutting rates.
In the bigger...