United States Lime & Minerals (USLM) will raise its quarterly dividend by 18.5 percent to 16 cents per share in 2020. This is the first dividend hike announced since 2017. Last year however USLM did pay a special dividend of $5.35 per share.

The next dividend is payable on March 13, 2020 to shareholders of record at the close of business on February 21. The new annual dividend of 64 cents per share yields 0.7% at a stock price of $89.75.

United States Lime & Minerals, Inc., headquartered in Dallas, Texas, is a manufacturer of lime and limestone products, supplying primarily the construction (including highway, road and building contractors), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), industrial (including paper and glass manufacturers), metals (including steel producers), roof shingle, oil and gas services and agriculture (including poultry and cattle feed producers) industries.