Mueller Industries (MLI) announces 33% dividend increase

By Tamara Parker • Monday, February 26 16:14 • Permanent Link

Mueller Industries, Inc. (NYSE: MLI) has just announced a substantial 33% increase in its quarterly dividend. This marks the fourth consecutive year of double-digit increases in the company's dividend payouts. The board of directors has declared a regular quarterly cash dividend of $.20 per share, to be paid on March 29, 2024, to stockholders of record as of the close of business on March 15, 2024.

Mueller Industries, Inc. is an industrial corporation with a diverse portfolio of holdings that manufacture vital goods for crucial markets such as air, water, oil and gas distribution, climate comfort, food preservation, energy transmission, medical, aerospace, and automotive. The company has a network of companies and brands across North America, Europe, Asia, and the Middle East.

This substantial increase in the quarterly dividend demonstrates the company's confidence in its financial position and its commitment to rewarding its shareholders. It also reflects the company's strong performance and financial health.

Investors and analysts will be closely watching the impact of this dividend increase on the company's stock performance and how it aligns with their expectations for the company's future growth and profitability.

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