Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS

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Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS

MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our common stock is traded on the New York Stock Exchange (ticker symbol VMC). As of February 13, 2018, the number of shareholders of record was 2,714. The prices in the following table represent the high and low sales prices for our common stock as reported on the New York Stock Exchange and the quarterly dividends declared by our Board of Directors in 2017 and 2016.



	Common Stock Prices		Dividends
	High	Low	Declared
2017
First quarter	$ 136.82	$ 108.95	$ 0.25
Second quarter	$ 134.92	$ 116.26	$ 0.25
Third quarter	$ 130.12	$ 111.77	$ 0.25
Fourth quarter	$ 129.63	$ 115.01	$ 0.25
2016
First quarter	$ 106.78	$ 78.83	$ 0.20
Second quarter	$ 121.22	$ 104.61	$ 0.20
Third quarter	$ 127.20	$ 106.42	$ 0.20
Fourth quarter	$ 138.18	$ 105.71	$ 0.20

The future payment of dividends is within the discretion of our Board of Directors and depends on our profitability, capital requirements, financial condition, business opportunities and other factors which our Board of Directors deems relevant. We are not a party to any contracts or agreements that currently materially limit our ability to pay dividends.

On February 9, 2018, our Board declared a dividend of 28 cents per share for the first quarter of 2018. This represents a 3 cent (12%) per share increase over the prior quarter.

ISSUER PURCHASES OF EQUITY SECURITIES

Purchases of our equity securities during the quarter ended December 31, 2017 are summarized below.



			Total Number	Maximum
			of Shares	Number of
	Total		Purchased as	Shares that May
	Number of	Average	Part of Publicly	Yet Be Purchased
	Shares	Price Paid	Announced Plans	Under the Plans
Period	Purchased	Per Share	or Programs	or Programs 1
2017
Oct 1 - Oct 31	0	$ 0.00	0	9,489,717
Nov 1 - Nov 30	0	$ 0.00	0	9,489,717
Dec 1 - Dec 31	0	$ 0.00	0	9,489,717
Total	0	$ 0.00	0


1	On February 10, 2006, our Board of Directors authorized us to purchase up to 10,000,000 shares of our common stock. On February 10, 2017, there were 1,756,757 shares remaining under this authorization, and our Board of Directors authorized us to purchase an additional 8,243,243 shares to refresh the number of shares we are authorized to purchase to 10,000,000. As of December 31, 2017, there were 9,489,717 shares remaining under this authorization. Depending upon market, business, legal and other conditions, we may purchase shares from time to time through the open market (including plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934) and/or through privately negotiated transactions. The authorization has no time limit, does not obligate us to purchase any specific number of shares, and may be suspended or discontinued at any time.

We did not have any unregistered sales of equity securities during the fourth quarter of 2017.



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