Miller Industries, Inc. (NYSE:MLR) Plans $0.19 Quarterly Dividend

Miller Industries, Inc. (NYSE:MLR) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Monday, June 3rd will be paid a dividend of 0.19 per share by the auto parts company on Monday, June 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Monday, June 3rd.

Miller Industries Stock Down 2.1 %

Shares of NYSE:MLR traded down $1.23 on Friday, hitting $56.67. 36,833 shares of the company traded hands, compared to its average volume of 57,641. Miller Industries has a 52 week low of $32.48 and a 52 week high of $60.14. The company has a quick ratio of 1.37, a current ratio of 2.17 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $49.85 and a 200-day simple moving average of $43.75. The company has a market cap of $650.00 million, a PE ratio of 11.25 and a beta of 1.03.

Miller Industries (NYSE:MLR) last released its quarterly earnings data on Wednesday, March 6th. The auto parts company reported $1.45 EPS for the quarter. Miller Industries had a return on equity of 17.97% and a net margin of 5.05%. The company had revenue of $296.25 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Miller Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th.

Miller Industries Company Profile

Miller Industries, Inc, together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.