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.

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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.

Dividend History for Mueller Industries (NYSE:MLI)

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