Vulcan Materials Doubles Quarterly Dividend

By Markets MarketWatch Pulse

Shares of Vulcan Materials Co. climbed 1.1% in afternoon trade Friday, after the construction materials maker said it was doubling its quarterly dividend. The new dividend of 20 cents a share, up from 10 cents a share, will be payable March 10 to shareholders of record on Feb. 24. At current share prices, the new annual dividend would imply a dividend yield of 0.88%, compared with the aggregate S&P 500 dividend yield of 2.39%, according to FactSet. The stock has lost 8.1% over the past three months, while the S&P 500 has dropped 9.5%.

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