Mueller Industries's most recent quarterly dividend of $0.2 per share was on Jun 7, 2024 (ex-date). At an annualized rate of $0.7 per share, the stock yields 1%.
Mueller Industries's dividend yield of 1% is below the Industrials sector and the industry average. Compared to its Industrials sector average of 1.4%, Mueller Industries's dividend yield is 29% lower. The current dividend yield is below the historical average of 1.3% of the last 5 years.
Mueller Industries has a history of paying dividends since 2004. Our records of MLI show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 27% for the last twelve months. However since the stock price has gone up by 71% from a year ago, the dividend yield has decreased by 26%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jun 7, 2024 | Jun 21, 2024 | May 10, 2024 | $0.2 | normal |
| Mar 14, 2024 | Mar 29, 2024 | Feb 23, 2024 | $0.2 | normal |
| Nov 30, 2023 | Dec 15, 2023 | Nov 3, 2023 | $0.15 | normal |
| Aug 31, 2023 | Sep 15, 2023 | Jul 28, 2023 | $0.15 | normal |
| Jun 1, 2023 | Jun 16, 2023 | May 5, 2023 | $0.15 | normal |
| Mar 16, 2023 | Mar 31, 2023 | Feb 21, 2023 | $0.15 | normal |
| Dec 1, 2022 | Dec 16, 2022 | Nov 4, 2022 | $0.125 | normal |
| Sep 1, 2022 | Sep 16, 2022 | Jul 29, 2022 | $0.125 | normal |
| Jun 2, 2022 | Jun 17, 2022 | May 5, 2022 | $0.125 | normal |
| Mar 17, 2022 | Apr 1, 2022 | Feb 18, 2022 | $0.125 | normal |
| Dec 2, 2021 | Dec 17, 2021 | Nov 10, 2021 | $0.065 | normal |
| Sep 2, 2021 | Sep 17, 2021 | Jul 29, 2021 | $0.065 | normal |
| Jun 3, 2021 | Jun 18, 2021 | May 7, 2021 | $0.065 | normal |
| Mar 18, 2021 | Apr 2, 2021 | Feb 22, 2021 | $0.065 | normal |
| Dec 3, 2020 | Dec 18, 2020 | Nov 6, 2020 | $0.05 | normal |
| Sep 3, 2020 | Sep 18, 2020 | Jul 31, 2020 | $0.05 | normal |
| Jun 4, 2020 | Jun 19, 2020 | May 7, 2020 | $0.05 | normal |
| Mar 19, 2020 | Apr 3, 2020 | Feb 21, 2020 | $0.05 | normal |
| Dec 5, 2019 | Dec 20, 2019 | Nov 8, 2019 | $0.05 | normal |
| Sep 5, 2019 | Sep 20, 2019 | Aug 1, 2019 | $0.05 | normal |
| Jun 6, 2019 | Jun 21, 2019 | May 3, 2019 | $0.05 | normal |
| Mar 14, 2019 | Mar 29, 2019 | Feb 25, 2019 | $0.05 | normal |
| Dec 6, 2018 | Dec 21, 2018 | Nov 9, 2018 | $0.05 | normal |
| Sep 6, 2018 | Sep 21, 2018 | Aug 6, 2018 | $0.05 | normal |
| May 31, 2018 | Jun 15, 2018 | May 4, 2018 | $0.05 | normal |
| Mar 15, 2018 | Mar 29, 2018 | Feb 26, 2018 | $0.05 | normal |
| Nov 30, 2017 | Dec 22, 2017 | Nov 13, 2017 | $0.05 | normal |
| Aug 31, 2017 | Sep 22, 2017 | Aug 15, 2017 | $0.05 | normal |
| May 31, 2017 | Jun 16, 2017 | May 5, 2017 | $0.05 | normal |
| Mar 10, 2017 | Mar 9, 2017 | Jan 4, 2017 | $1.5 | special |
| Mar 3, 2017 | Mar 21, 2017 | Feb 20, 2017 | $0.05 | normal |
| Nov 30, 2016 | Dec 19, 2016 | Nov 11, 2016 | $0.05 | normal |
| Aug 31, 2016 | Sep 19, 2016 | Aug 12, 2016 | $0.05 | normal |
| May 27, 2016 | Jun 15, 2016 | May 6, 2016 | $0.05 | normal |
| Mar 2, 2016 | Mar 18, 2016 | Feb 18, 2016 | $0.038 | normal |
Mueller Industries's payout ratio of 14.2% is below the Industrials sector and the industry average. Compared to its Industrials sector average of 32.2%, Mueller Industries's payout ratio is 56% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| KALU Kaiser Aluminum Corp | 3.96% | $3.08 | 88.5% |
| AA Alcoa Corp | 1.2% | $0.4 | N/A |
| MLI Mueller Industries Inc | 1% | $0.7 | 14.2% |
| TG Tredegar Corp | N/A | N/A | N/A |
Yes, Mueller Industries has been paying dividends for the last 20 years.
MLI hasn't announced its next dividend date yet, but if we take into consideration its recent dividend schedule, it is likely that its next dividend will be in September 2024.
Mueller Industries's last regular dividend was on Jun 7, 2024 (ex-date) with the amount of $0.2 per share.
MLI's annualized dividend per share is $0.7.
Mueller Industries's current dividend yield is 1%.
Mueller Industries pays four dividends per year.
Mueller Industries's dividend payout ratio is 14.2%.
Mueller Industries's dividend yield is below the Industrials sector average.