The Monarch Cement Company (OTCMKTS:MCEM – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $195.82 and traded as high as $218.50. Monarch Cement shares last traded at $217.74, with a volume of 85 shares changing hands.
Monarch Cement Stock Performance
The company has a market cap of $797.36 million, a PE ratio of 10.28 and a beta of 0.61. The stock’s 50-day simple moving average is $206.53 and its 200 day simple moving average is $195.97.
Monarch Cement Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be given a $1.75 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $7.00 dividend on an annualized basis and a yield of 3.21%. Monarch Cement’s payout ratio is currently 14.16%.
Monarch Cement Company Profile
The Monarch Cement Company engages in the manufacture and sale of portland cement in the United States. The company also provides masonry cement, ready-mixed concrete, concrete products, and sundry building materials. It primarily serves contractors, ready-mixed concrete plants, concrete products plants, building materials dealers, and governmental agencies.
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