NEW YORK ( TheStreet) -- The ex-dividend date for Martin Marietta Materials (NYSE: MLM) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $68.03 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Martin Marietta has been 539,000 shares per day over the past 30 days. Martin Marietta has a market cap of $3 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 27.9% year to date as of the close of trading on Friday.

Martin Marietta Materials, Inc. engages in the production and sale of aggregates for the construction industry in the United States, Canada, the Bahamas, and the Caribbean Islands. The company has a P/E ratio of 35.7, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Martin Marietta as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, premium valuation and a generally disappointing performance in the stock itself. You can view the full Martin Marietta Ratings Report.

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