United States Lime & Minerals, Inc. (NASDAQ:USLM) to Issue Quarterly Dividend of $0.06

United States Lime & Minerals, Inc. (NASDAQ:USLM) announced a quarterly dividend on Monday, February 2nd. Shareholders of record on Friday, February 20th will be paid a dividend of 0.06 per share by the construction company on Friday, March 13th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 20th.

United States Lime & Minerals has decreased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 2 years. United States Lime & Minerals has a payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings.

United States Lime & Minerals Stock Performance

Shares of USLM stock traded down $5.64 during mid-day trading on Tuesday, reaching $117.98. The company’s stock had a trading volume of 39,013 shares, compared to its average volume of 86,284. The firm’s 50-day moving average is $125.48 and its two-hundred day moving average is $122.45. The company has a market cap of $3.38 billion, a P/E ratio of 25.93 and a beta of 0.98. United States Lime & Minerals has a 1-year low of $80.47 and a 1-year high of $137.96.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Monday, February 2nd. The construction company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). United States Lime & Minerals had a net margin of 35.83% and a return on equity of 23.82%. The business had revenue of $87.94 million during the quarter, compared to the consensus estimate of $97.00 million.

About United States Lime & Minerals

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.