Monarch Cement (OTCMKTS:MCEM) Stock Crosses Above 200 Day Moving Average - Here's Why

The Monarch Cement Company (OTCMKTS:MCEM - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $203.79 and traded as high as $229.00. Monarch Cement shares last traded at $228.00, with a volume of 978 shares changing hands.

Monarch Cement Trading Up 0.1 %

The stock has a market cap of $834.48 million, a P/E ratio of 10.76 and a beta of 0.61. The company's fifty day simple moving average is $221.10 and its 200-day simple moving average is $204.33.

Monarch Cement Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, February 14th. Monarch Cement's dividend payout ratio (DPR) is presently 14.16%.

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.