Vulcan Increases Quarterly Dividend on Common Shares

News provided by

Feb 14, 2014, 01:23 ET

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.

(Logo: http://photos.prnewswire.com/prnh/20090710/CL44887LOGO)

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.

SOURCE Vulcan Materials Company