Mueller Industries, Inc. Declares Cash Dividend for Second Quarter

Rhea-AI Summary

Mueller Industries, Inc. (NYSE: MLI) declared a quarterly cash dividend of 25 cents per share, scheduled for payment on June 17, 2022, to shareholders of record as of June 3, 2022. The company operates across multiple sectors, including air, water, oil and gas distribution, and medical services, with a presence in North America, Europe, Asia, and the Middle East. The release includes forward-looking statements regarding potential risks such as economic conditions, market demand, and resource availability.

Positive

• Quarterly cash dividend of 25 cents per share shows commitment to returning income to shareholders.
• Broad market presence across diverse sectors enhances business stability.

Negative

• Forward-looking statements highlight potential risks related to economic and currency conditions.
• Dependence on raw materials and energy availability poses threats to business operations.

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 June 17, 2022 to shareholders of record on June 3, 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/20220505005801/en/

Jeffrey A. Martin

(901)753-3226

Source: Mueller Industries, Inc.

FAQ

What is the dividend amount for MLI in June 2022?

Mueller Industries, Inc. has declared a cash dividend of 25 cents per share for June 2022.

When is the dividend payable for MLI?

The dividend will be payable on June 17, 2022.

When is the record date for MLI's dividend?

The record date for the dividend is June 3, 2022.

What are the potential risks mentioned in MLI's press release?

The press release mentions risks related to economic conditions, currency fluctuations, and availability of raw materials.