Monarch Cement (OTCMKTS:MCEM) Reaches New 12-Month High – Still a Buy?

The Monarch Cement Company (OTCMKTS:MCEMGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $305.00 and last traded at $218.49, with a volume of 12586 shares traded. The stock had previously closed at $218.50.

Monarch Cement Stock Performance

The company has a market capitalization of $800.11 million, a PE ratio of 10.31 and a beta of 0.61. The business has a fifty day moving average price of $212.76 and a 200 day moving average price of $198.28.

Monarch Cement Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th were paid a $1.75 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.20%. Monarch Cement’s dividend payout ratio (DPR) is currently 14.16%.

Monarch Cement Company Profile

(Get Free Report)

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.

Further Reading

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