Martin Marietta Materials, Inc.
MLMBasic Materials · Stock · quarterly payer
Forward Yield
0.59%
Annual Dividend
$3.32
Payout Ratio
21%
5-Yr Growth
7.7%
Ex-Date
Jun 1, 2026
Frequency
Quarterly
Summary
As of July 2026, Martin Marietta Materials, Inc. (MLM) yields 0.59% ($3.32 per share annually), with a blended fair-value estimate of $354.61 — -37% downside, so it screens as overvalued. Dividend safety grade: A (98/100). 10 years of dividend growth.
Is MLM a good dividend stock?
YesMartin Marietta Materials, Inc. (MLM) pays a quarterly dividend yielding 0.59% ($3.32/yr), with 10 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 10 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (21%)
- Strong 7.7% 5-yr dividend growth
- 48% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.59%
- Payout Ratio
- 21%
- Annual Dividend
- $3.32
- 5-Yr Avg Growth
- 7.7%
- Ex-Dividend Date
- Jun 1, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 1.10
- Market Cap
- $33.2B
- P/E Ratio
- 35.2
- 5-Yr Total Return
- 48%
- 52-Week Range
- $525.38 – $710.97
- Dividend Safety
- A · 98/100
- Ever Cut?
- No
Frequently Asked Questions
MLM Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+26%
5 Years
+48%
52-Week Range
$525.38 – $710.97
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MLM worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Martin Marietta Materials, Inc. is $354.61 per share, versus a market price of $562.59. That implies 37% of downside.
Fair Value
$354.61
Current Price
$562.59
Downside
-37%
Margin of Safety
-59%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 15.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.8% discount rate (CAPM), 15.7% stage-1 growth, 2.5% terminal growth, $15.98 EPS, $3.32 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MLM Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 1, 2026 | — | $0.8300 | regular |
| Mar 2, 2026 | — | $0.8300 | regular |
| Dec 1, 2025 | — | $0.8300 | regular |
| Sep 2, 2025 | — | $0.8300 | regular |
| Jun 2, 2025 | — | $0.7900 | regular |
| Mar 3, 2025 | — | $0.7900 | regular |
| Dec 2, 2024 | — | $0.7900 | regular |
| Sep 3, 2024 | — | $0.7900 | regular |
| Jun 3, 2024 | — | $0.7400 | regular |
| Mar 1, 2024 | — | $0.7400 | regular |
| Nov 30, 2023 | — | $0.7400 | regular |
| Aug 31, 2023 | — | $0.7400 | regular |
| May 31, 2023 | — | $0.6600 | regular |
| Mar 3, 2023 | — | $0.6600 | regular |
Income Calculator
At $3.32 / yr per share
