Monarch Cement (OTCMKTS:MCEM) Shares Gap Up – Here’s What Happened

The Monarch Cement Co. (OTCMKTS:MCEM) gapped up prior to trading on Friday . The stock had previously closed at $219.70, but opened at $225.01. Monarch Cement shares last traded at $227.99, with a volume of 42 shares changing hands.

Monarch Cement Stock Up 1.3%

The firm has a market cap of $834.48 million, a PE ratio of 14.19 and a beta of 0.59. The firm has a 50-day moving average price of $232.97 and a two-hundred day moving average price of $236.53.

Monarch Cement (OTCMKTS:MCEM) last released its earnings results on Friday, August 8th. The construction company reported $4.99 earnings per share for the quarter. The business had revenue of $67.83 million for the quarter. Monarch Cement had a return on equity of 12.31% and a net margin of 19.56%.

Monarch Cement Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, August 26th were given a $0.83 dividend. This represents a dividend yield of 140.0%. The ex-dividend date was Monday, August 25th. Monarch Cement’s dividend payout ratio (DPR) is 20.66%.

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.