Mueller Industries raises dividend to $0.20 per share

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Mueller Industries raises dividend to $0.20 per share
Credit: © Reuters.

COLLIERVILLE, Tenn. - Mueller Industries, Inc. (NYSE: NYSE: MLI ), a key player in the manufacturing sector for various markets, has announced a significant increase in its quarterly dividend. The Board of Directors declared a regular quarterly cash dividend of $0.20 per share, marking a 33 percent increase from the previous year's dividend. This uptick continues the company's trend of double-digit dividend growth for the fourth consecutive year.

Stockholders of record by the close of business on March 15, 2024, will be eligible for the dividend payout scheduled for March 29, 2024. This announcement underscores Mueller Industries' commitment to delivering value to its shareholders and reflects confidence in the company's financial stability and future performance.

Mueller Industries specializes in producing goods essential for sectors including air and water distribution, climate control, food preservation, energy, medical, aerospace, and automotive industries. The company's diverse portfolio and international presence, with operations spanning North America, Europe, Asia, and the Middle East, position it as a significant entity in the industrial manufacturing space.

It is important to note that while the company's press release may contain forward-looking statements, such assertions are subject to various risks and uncertainties. These can be influenced by factors like economic conditions, raw material availability, market demand, and competitive and technological developments. Investors are advised not to place undue reliance on these forward-looking statements, which are valid only as of their date.

The information provided in this article is based on a press release statement from Mueller Industries, Inc.

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