United States Lime & Minerals, Inc. (NASDAQ:USLM) Declares Dividend Increase – $0.06 Per Share

United States Lime & Minerals, Inc. (NASDAQ:USLM) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Investors 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 yield of 0.22%. This is a positive change from United States Lime & Minerals’s previous quarterly dividend of $0.05.

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

United States Lime & Minerals Stock Performance

USLM traded down $0.11 on Monday, reaching $110.47. The company had a trading volume of 127,107 shares, compared to its average volume of 138,852. The business has a 50 day simple moving average of $132.80 and a 200 day simple moving average of $108.98. The company 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 has a 52-week low of $48.38 and a 52-week high of $159.53.

Wall Street Analyst Weigh In

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 Buying and Selling at United States Lime & Minerals

In other news, VP Nathan O’neill sold 1,750 shares of the firm’s 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 in the company, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy W. Byrne sold 22,261 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following the completion of the transaction, the chief executive officer now owns 125,004 shares in the company, valued at $17,716,816.92. This represents a 15.12 % decrease in their position. The disclosure for this sale can be found here. Company 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.