HomeMost PopularThe Roaring Resilience of Martin Marietta Materials (MLM)

The Roaring Resilience of Martin Marietta Materials (MLM)

Actionable Trade Ideas

always free

The Dividend Declaration

All hail the steady rhythm of Martin Marietta Materials (MLM) as it declares a dividend of $0.74 per share ($2.96 annualized) on February 22, 2024. Like the unwavering ticking of a clock, the company affirms its commitment to shareholders, maintaining its payment at $0.74 per share. Shareholders in the embrace of Martin Marietta Materials are set to receive this boon on March 28, 2024, granted they stood tall as of March 4, 2024. At $577.71 per share – a steadfast fortress – the stock’s dividend yield stands at 0.51%.

The Historical Dance of Dividends

Gazing through the sands of time, over a five-year spectrum sampled weekly, the average dividend yield unveiled its grace at 0.78%. The lowest bow it took was at 0.53%, while the highest crescendo reached a note of 1.53%. Through this historical soiree, the standard deviation in yields tolled at 0.16, a resounding beacon of stability (n=233). Yet, in the midst of this voyage, the current dividend yield stands at a curious 1.62 standard deviations below the historical average.

The Symphonic Story of Payout Ratios

Venture deeper into the company’s melody, and one discovers the dividend payout ratio of 0.16, revealing how much of MLM’s income is graciously shared with its shareholders. A payout ratio of one (1.0) signifies a full gush of income flowing forth as dividends. Anything above this crescendo is perilous, heralding a journey into savings to sustain the dividend – a path fraught with thorns. Companies with scant growth prospects typically emit dividends at a rate between 0.5 and 1.0. Those teeming with growth whisper down the path hosting a payout ratio between zero and 0.5. Martin Marietta Materials sings a tale of its 3-Year dividend growth rate at 0.30%, evidence of the gentle rise of its dividend over time. An upward trajectory that echoes a promising future for investors.

The Symphony of Fund Sentiments

As the sun sets over the realm of investments, 1647 funds or institutions embrace positions in Martin Marietta Materials, a melody that swelled by 75 owners or 4.77% in the last quarter. The average portfolio weight of all these investors crooning for MLM stands at 0.36%, a crescendo that rose by 6.85% in recent times. A total of 67,424K shares serenade in the hands of institutions, a dance that rose by 0.18% in the past three months. The put/call ratio, a note of optimism, tolling at 0.98, heralding a bullish outlook for Martin Marietta Materials.

The Shareholder Melody

Among the esteemed shareholders serenading to the tune of Martin Marietta Materials, Aristotle Capital Management leads the chorus with 2,970K shares, embracing 4.80% ownership of the company. A subtle sway to the tune of a decrease adorns their path, reflecting a shift of 4.67% from prior holdings. Yet, the orchestra that is Aristotle Capital Management increased its portfolio dedication in MLM by 5.77% over the last quarter.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.