Mueller Industries, Inc. (NYSE:MLI) announced a quarterly dividend on Monday, February 26th, RTT News reports. Investors of record on Friday, March 16th will be paid a dividend of 0.10 per share by the industrial products company on Thursday, March 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Thursday, March 15th.
Mueller Industries has increased its dividend payment by an average of 10.1% per year over the last three years and has increased its dividend annually for the last 6 consecutive years.
Shares of Mueller Industries (MLI) opened at $28.13 on Wednesday. The firm has a market cap of $1,621.58, a P/E ratio of 18.88 and a beta of 1.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.05 and a quick ratio of 1.70. Mueller Industries has a one year low of $25.50 and a one year high of $37.57.
Separately, TheStreet downgraded shares of Mueller Industries from a “b” rating to a “c” rating in a research note on Tuesday, February 6th.
In other Mueller Industries news, Director Gary S. Gladstein purchased 13,400 shares of Mueller Industries stock in a transaction on Thursday, February 15th. The shares were acquired at an average cost of $26.14 per share, for a total transaction of $350,276.00. Following the completion of the transaction, the director now directly owns 89,963 shares of the company’s stock, valued at $2,351,632.82. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Gary Westermeyer purchased 1,000 shares of Mueller Industries stock in a transaction on Thursday, February 22nd. The shares were acquired at an average price of $26.95 per share, for a total transaction of $26,950.00. Following the completion of the transaction, the insider now directly owns 15,292 shares of the company’s stock, valued at $412,119.40. The disclosure for this purchase can be found here. Company insiders own 2.79% of the company’s stock.
About Mueller Industries
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Industries and related companies with MarketBeat.com's FREE daily email newsletter.