DALLAS - Eagle Materials Inc . (NYSE: NYSE:EXP), a prominent manufacturer of construction and building materials, has announced a quarterly cash dividend of $0.25 per share. This dividend is scheduled for payment on April 12, 2024, to shareholders who are on record as of March 15, 2024.
The company, headquartered in Dallas, Texas, specializes in producing Portland Cement and Gypsum Wallboard, which are critical components in the construction and maintenance of infrastructure and various residential, commercial, and industrial projects throughout the United States. Eagle Materials operates an extensive network, with more than 70 facilities across 21 states.
This article is based on a press release statement from Eagle Materials Inc.
InvestingPro Insights
Eagle Materials Inc. (NYSE: EXP) has not only shown a commitment to shareholder returns through its recent dividend announcement but also displays a robust financial standing in recent metrics. With a Market Cap of $8.05 billion and a P/E Ratio of 16.35, the company presents an interesting case for investors looking for stability combined with potential growth, as indicated by a PEG Ratio of 0.7, suggesting that the stock may be undervalued relative to its earnings growth.
InvestingPro Tips reveal that Eagle Materials has a perfect Piotroski Score of 9, which signifies strong financial health, and the management has been aggressively buying back shares, a move that often reflects leadership’s confidence in the company’s value. Additionally, the stock has seen a strong return over the last year, with a 59.9% price total return, aligning with the company's dividend declaration as a sign of its financial resilience.
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