DALLAS, Feb. 2 /PRNewswire-FirstCall/ -- The Board of Directors of Eagle
Materials Inc. (NYSE: EXP and EXP.B), formerly known as Centex Construction
Products, Inc., today declared a quarterly cash dividend of $0.30 per share
payable on April 21, 2004 to stockholders of record at the close of business
on March 24, 2004.
As previously announced, this quarterly dividend represents a 500%
increase from $0.05 per share to $0.30 per share and reflects the Board's
confidence in Eagle Materials' financial strength and cash flow.
On January 30, 2004 Centex Corporation completed the previously announced
spin-off of all of its shares of Eagle Materials.
Eagle Materials Inc. is a Dallas-based company that manufactures and
distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and
Aggregates.
Forward-Looking Statements. This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified
by the context of the statement and generally arise when Eagle Materials is
discussing its beliefs, estimates or expectations. These statements are not
guarantees of future performance and involve a number of risks and
uncertainties. Actual results and outcomes may differ materially from what is
expressed or forecast in such forward-looking statements.
SOURCE Eagle Materials Inc.
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Related links:
http://www.centex-cxp.com
CONTACT:
Arthur R. Zunker, Senior Vice President -
Finance, Treasurer and Chief Financial Officer of Eagle Materials
Inc., +1-214-981-6510
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