Monarch Cement (OTCMKTS:MCEM) Stock Price Crosses Above 50 Day Moving Average of $175.74

The Monarch Cement Company (OTCMKTS:MCEM) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $175.74 and traded as high as $182.50. Monarch Cement shares last traded at $182.50, with a volume of 415 shares.

Monarch Cement Price Performance

The business’s 50-day simple moving average is $175.74 and its 200-day simple moving average is $158.20. The company has a market cap of $673.43 million, a price-to-earnings ratio of 9.16 and a beta of 0.54.

Monarch Cement (OTCMKTS:MCEM) last issued its quarterly earnings data on Friday, March 15th. The construction company reported $6.31 earnings per share (EPS) for the quarter. Monarch Cement had a return on equity of 23.28% and a net margin of 28.05%. The firm had revenue of $68.12 million during the quarter.

Monarch Cement Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 7th will be given a $0.75 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.64%. Monarch Cement’s dividend payout ratio is currently 13.65%.

About Monarch Cement

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.