United States Lime & Minerals, Inc. (NASDAQ:USLM) Raises Dividend to $0.06 Per Share

United States Lime & Minerals, Inc. (NASDAQ:USLM) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.06 per share by the construction company on Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.22%. This is an increase from United States Lime & Minerals’s previous quarterly dividend of $0.05.

United States Lime & Minerals has increased its dividend payment by an average of 16.0% per year over the last three years.

United States Lime & Minerals Price Performance

USLM stock opened at $110.47 on Tuesday. United States Lime & Minerals has a 1 year low of $48.38 and a 1 year high of $159.53. The company has a 50 day simple moving average of $132.80 and a 200 day simple moving average of $108.98. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 32.02 and a beta of 0.91.

United States Lime & Minerals (NASDAQ:USLM) last issued its earnings results on Monday, February 3rd. The construction company reported $0.94 earnings per share for the quarter. United States Lime & Minerals had a return on equity of 22.95% and a net margin of 32.60%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Insider Activity

In other news, VP Nathan O’neill sold 1,750 shares of United States Lime & Minerals stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total value of $244,527.50. Following the transaction, the vice president now owns 7,880 shares of the company’s stock, valued at $1,101,072.40. The trade was a 18.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy W. Byrne sold 22,261 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total value of $3,155,051.53. Following the completion of the transaction, the chief executive officer now owns 125,004 shares of the company’s stock, valued at $17,716,816.92. This trade represents a 15.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.62% of the company’s stock.

About United States Lime & Minerals

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.