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Martin Marietta hikes quarterly cash dividend by 15%

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Martin Marietta hikes quarterly cash dividend by 15%

Martin Marietta Materials Inc. increased its quarterly cash dividend by 15% to 55 cents per share on the company's outstanding common stock.

The dividend represents a cash payout of $2.20 per share on an annualized basis. It is payable Sept. 30 to shareholders of record at the close of business Sept. 3.