Anne H. Lloyd, Senior Vice President, Chief Financial Officer and
Treasurer of Martin Marietta Materials, Inc. (NYSE:MLM), today announced
that the Board of Directors has approved a 16 percent increase in the
regular quarterly cash dividend to $0.40 (forty cents) per share on the
Corporation’s common stock. This dividend,
which represents a cash dividend of $1.60 per share on an annualized
basis, is payable September 30, 2008, to shareholders of record at the
close of business on August 29, 2008.
Commenting on the dividend increase, Lloyd stated, "We are very pleased
that our cash generation has enabled us to increase shareholder returns
through the dividend payout. The Corporation has raised its dividend
each year since paying its first dividend in 1994. In addition to the
dividend payout, the Corporation has made continued investment in
internal growth opportunities and value-added business development
opportunities to enhance long-term shareholder return."
Martin Marietta Materials is a leading producer of construction
aggregates and a producer of magnesia-based chemicals and dolomitic
lime. For more information about Martin Marietta Materials, refer to the
Corporation's Web site at www.martinmarietta.com.
Martin Marietta Materials, Inc. Anne Lloyd,919-783-4658 Senior
Vice President, Chief Financial Officer and Treasurer www.martinmarietta.com