Martin Marietta Materials (MLM) will raise its quarterly dividend by 15.9 percent to $0.40 per share in 2008. The next dividend will be paid on September 30, 2018 to shareholders of record on August 29, 2018. Last year MLM hiked its quarterly dividend from $0.275 to $0.345 per share.

Martin Marietta Materials, Inc. is a supplier of supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Martin Marietta’s Magnesia Specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products. The company has operations in the United States, Canada and The Bahamas. Martin Marietta has paid a dividend every year since it became a public company in 1994.