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SOURCE Vulcan Materials Company
BIRMINGHAM, Ala., Feb. 14, 2014 /PRNewswire/ -- The Board of Directors of Vulcan Materials Company (NYSE: VMC) at a meeting held today declared a quarterly dividend of five cents per share on its common stock payable March 10, 2014, to shareholders of record February 24, 2014. The new quarterly dividend represents a four cent per share increase over quarterly dividends paid in 2013.
According to Vulcan's Chairman and Chief Executive Officer, Don James, "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 the nation's largest producer of construction aggregates and a major producer of asphalt mix and concrete. For additional information about Vulcan, go to www.vulcanmaterials.com.