Heidelberg Materials is continuing its progressive dividend policy with its managing and supervisory boards proposing at the 11 May annual general meeting to distribute a dividend of €2.60 per share for the 2022 financial year. Subject to the shareholders' approval, this corresponds to an increase of 8% compared to the previous year's dividend of €2.40 per share. Based on the HeidelbergCement share price as of 31 December 2022, the dividend yield is 4.9%.
Total US construction starts rose 6% in February to a seasonally adjusted annual rate of $912.8 billion, according to Dodge Construction Network. During the month, residential and nonresidential buildings rose 11% and 9%, respectively, and nonbuilding started declining by 5%.
Tarmac has begun consulting with employees regarding proposed changes to its operational business that the GMB Union claims could lead to over 400 job losses.
SigmaRoc, the London, England-headquartered, AIM-listed quarrying and materials group, has continued its acquisition spree with two further northern European transactions.
Cemex has reestablished its operations at the Quintana Roo marine terminal in Mexico amid a legal dispute over access to the site with Calica, a Vulcan Materials subsidiary.
