Mueller Industries, Inc. Announces 92 Percent Increase in Quarterly Dividend

Rhea-AI Summary

Mueller Industries, Inc. (NYSE: MLI) has announced a quarterly cash dividend increase to $.25 per share. This marks a significant 92% increase from the 2021 dividend, with payment scheduled for April 1, 2022. Shareholders of record by March 18, 2022 will receive this payout. The company’s diversified operations encompass critical sectors including energy, medical, and automotive, and is geared towards delivering essential products across North America, Europe, Asia, and the Middle East.

Positive

• Quarterly dividend increased to $.25 per share, a 92% rise from 2021.
• Positive outlook demonstrating strong company confidence and commitment to shareholder income.

Negative

• None.

COLLIERVILLE, Tenn.--(BUSINESS WIRE)-- Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend.

The company is raising the quarterly dividend to $.25 per share payable on April 1, 2022 to stockholders of record as of the close of business on March 18, 2022. This represents a 92 percent increase over the 2021 quarterly dividend.

Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservation; energy transmission; medical; aerospace; and automotive. It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East.

Statements in this release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties. These include economic and currency conditions, continued availability of raw materials and energy, market demand, pricing, competitive and technological factors, and the availability of financing, among others, as set forth in the Company's SEC filings. The words "outlook," "estimate," "project," "intend," "expect," "believe," "target," "encourage," "anticipate," "appear," and similar expressions are intended to identify forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report. The Company has no obligation to publicly update or revise any forward-looking statements to reflect events after the date of this report.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220218005386/en/

Jeffrey A. Martin

(901)753-3226

Source: Mueller Industries, Inc.

FAQ

What is the new dividend amount for MLI?

The new quarterly dividend for Mueller Industries, Inc. is $.25 per share.

When will MLI's dividend be paid?

The dividend will be payable on April 1, 2022, to stockholders of record by March 18, 2022.

What percentage increase does the new dividend represent?

The new dividend represents a 92% increase over the 2021 quarterly dividend.

What markets does Mueller Industries serve?

Mueller Industries manufactures goods for markets such as air, water, oil and gas distribution, climate comfort, food preservation, and more.