Mueller Industries, Inc. (MLI) Plans Quarterly Dividend of $0.10
Mueller Industries, Inc. (NYSE:MLI) announced a quarterly dividend on Monday, May 8th. Investors of record on Friday, June 2nd will be paid a dividend of 0.10 per share by the industrial products company on Friday, June 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, May 31st.
Mueller Industries has raised its dividend by an average of 14.5% per year over the last three years and has increased its dividend every year for the last 5 years.
Shares of Mueller Industries (NYSE:MLI) traded down 0.89% during midday trading on Monday, hitting $31.14. The company had a trading volume of 97,148 shares. The company has a 50-day moving average of $33.06 and a 200 day moving average of $36.75. The firm has a market capitalization of $1.79 billion, a PE ratio of 17.68 and a beta of 1.30. Mueller Industries has a 12 month low of $29.51 and a 12 month high of $43.96.
Mueller Industries (NYSE:MLI) last released its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter. The business earned $577.92 million during the quarter. Mueller Industries had a return on equity of 10.89% and a net margin of 4.85%. On average, analysts expect that Mueller Industries will post $1.55 EPS for the current fiscal year.
In other news, CFO Jeffrey Andrew Martin sold 3,000 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $33.41, for a total transaction of $100,230.00. Following the completion of the transaction, the chief financial officer now directly owns 98,994 shares of the company’s stock, valued at approximately $3,307,389.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.
Mueller Industries Company Profile
Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.
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