Martin Marietta Materials, Inc. Increases Quarterly Cash Dividend
August 14 2008 - 7:30AM
Business Wire
Anne H. Lloyd, Senior Vice President, Chief�Financial Officer and
Treasurer of Martin Marietta Materials, Inc. (NYSE:MLM), today
announced that the Board of Directors has approved a 16 percent
increase in the regular quarterly cash dividend to $0.40 (forty
cents) per share on the Corporation�s common stock. This dividend,
which represents a cash dividend of $1.60 per share on an
annualized basis, is payable September 30, 2008, to shareholders of
record at the close of business on August 29, 2008. Commenting on
the dividend increase, Lloyd stated, "We are very pleased that our
cash generation has enabled us to increase shareholder returns
through the dividend payout. The Corporation has raised its
dividend each year since paying its first dividend in 1994. In
addition to the dividend payout, the Corporation has made continued
investment in internal growth opportunities and value-added
business development opportunities to enhance long-term shareholder
return." Martin Marietta Materials is a leading producer of
construction aggregates and a producer of magnesia-based chemicals
and dolomitic lime. For more information about Martin Marietta
Materials, refer to the Corporation's Web site at
www.martinmarietta.com. MLM-D
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