The Board of Directors of Vulcan Materials Company at a meeting held Feb. 14 declared a quarterly dividend of five cents per share on its common stock payable March 10 to shareholders of record Feb. 24.
In a release on Feb. 14, Vulcan Materials Company said the new quarterly dividend represents a four cent per share increase over quarterly dividends paid in 2013.
Vulcan's Chairman and Chief Executive Officer, Don James, said, "Vulcan's Board is pleased to begin the process of restoring a meaningful dividend for our shareholders. This increase reflects our improving operating earnings and cash flows, strengthening balance sheet and favorable outlook for our business."
Vulcan Materials Company, a member of the S&P 500 index, is a producer of construction aggregates and asphalt mix and concrete.
((Comments on this story may be sent to firstname.lastname@example.org))