Mueller Industries, Inc. (MLI) Announces $0.10 Quarterly Dividend
Mueller Industries, Inc. (NYSE:MLI) announced a quarterly dividend on Tuesday, August 15th, NASDAQ reports. Stockholders of record on Tuesday, September 5th will be given a dividend of 0.10 per share by the industrial products company on Friday, September 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 31st.
Mueller Industries has raised its dividend payment by an average of 14.5% annually over the last three years and has increased its dividend every year for the last 5 years.
Mueller Industries (NYSE MLI) traded up 0.51% during mid-day trading on Wednesday, hitting $29.53. The stock had a trading volume of 5,667 shares. The firm has a market cap of $1.70 billion, a PE ratio of 16.86 and a beta of 1.37. The company’s 50 day moving average price is $30.48 and its 200 day moving average price is $33.28. Mueller Industries has a 52 week low of $27.72 and a 52 week high of $43.96.
ILLEGAL ACTIVITY WARNING: “Mueller Industries, Inc. (MLI) Announces $0.10 Quarterly Dividend” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/16/mueller-industries-inc-mli-announces-0-10-quarterly-dividend.html.
In related news, Director John B. Hansen sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $31.05, for a total transaction of $62,100.00. Following the transaction, the director now directly owns 45,607 shares of the company’s stock, valued at approximately $1,416,097.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.79% 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.
Receive News & Ratings for Mueller Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.