Monarch Cement (OTCMKTS:MCEM) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

The Monarch Cement Company (OTCMKTS:MCEM)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $212.27 and traded as high as $219.00. Monarch Cement shares last traded at $218.17, with a volume of 4,508 shares changing hands.

Monarch Cement Stock Up 0.2 %

The company’s fifty day simple moving average is $212.76 and its two-hundred day simple moving average is $198.28. The company has a market capitalization of $800.15 million, a price-to-earnings ratio of 10.31 and a beta of 0.61.

Monarch Cement Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th were issued a dividend of $1.75 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $7.00 annualized dividend and a yield of 3.20%. Monarch Cement’s dividend payout ratio is presently 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.