Mueller Industries, Inc. (MLI) to Issue Quarterly Dividend of $0.25 on September 19th

Mueller Industries, Inc. (NYSE:MLI) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Investors of record on Friday, September 5th will be given a dividend of 0.25 per share by the industrial products company on Friday, September 19th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 5th.

Mueller Industries has a dividend payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings.

Mueller Industries Stock Down 0.3%

NYSE:MLI opened at $95.70 on Wednesday. The company has a fifty day moving average of $87.84 and a 200 day moving average of $80.46. Mueller Industries has a 52 week low of $65.24 and a 52 week high of $97.26. The firm has a market capitalization of $10.59 billion, a P/E ratio of 15.19 and a beta of 1.05.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.34. Mueller Industries had a net margin of 17.48% and a return on equity of 24.47%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. Mueller Industries’s quarterly revenue was up 14.1% compared to the same quarter last year.

Mueller Industries Company Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.