Mueller Industries, Inc. Declares Cash Dividend for Fourth Quarter

Rhea-AI Summary

Mueller Industries, Inc. (NYSE: MLI) has declared a quarterly cash dividend of 25 cents per share, payable on December 16, 2022, to shareholders of record as of December 2, 2022. The company manufactures crucial products for diverse industries including air, water, oil and gas distribution, and automotive sectors. Despite potential risks related to economic conditions and market demand, this dividend reflects the company's continued commitment to delivering value to its shareholders.

Positive

• Declared a quarterly cash dividend of 25 cents per share.

Negative

• Potential risks related to economic and currency conditions.
• Concerns over market demand and pricing fluctuations.

COLLIERVILLE, Tenn.--(BUSINESS WIRE)-- Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 25 cents per share. The dividend will be payable December 16, 2022 to shareholders of record on December 2, 2022.

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/20221104005452/en/

Jeffrey A. Martin

(901) 753-3226

Source: Mueller Industries, Inc.

FAQ

What is the dividend amount declared by Mueller Industries?

Mueller Industries has declared a cash dividend of 25 cents per share.

When will the dividend be paid?

The dividend will be payable on December 16, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is December 2, 2022.

How often does Mueller Industries pay dividends?

Mueller Industries typically pays dividends quarterly.

What risks does Mueller Industries face that could impact dividends?

Risks include economic conditions, market demand, and pricing fluctuations.