Vulcan Materials Cites 'Continuing Demand Growth' In Dividend Hike

Shares of Vulcan Materials Company (NYSE: VMC), a producer of construction aggregates, were trading higher by more than 1 percent on Friday after the company's Board of Directors declared a quarterly dividend.

Vulcan Materials will pay investors a quarterly cash dividend of $0.20 per share and will be payable on March 10, 2016, to shareholders of record on February 24, 2016.

Tom Hill, President and Chief Executive Officer, said, "This quarterly dividend level reflects the continuing demand growth throughout our markets, our financial performance, financial strength, and confidence in our ability to continue successfully executing our strategic plan, which is designed to deliver sustainable, long-term value to our shareholders."