Miller Industries, Inc. to Issue Quarterly Dividend of $0.18 (NYSE:MLR)

Miller Industries, Inc. (NYSE:MLR) announced a quarterly dividend on Thursday, March 8th, Wall Street Journal reports. Stockholders of record on Monday, March 19th will be given a dividend of 0.18 per share by the auto parts company on Monday, March 26th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Friday, March 16th.

Miller Industries has raised its dividend by an average of 6.3% per year over the last three years and has raised its dividend every year for the last 2 years.

Shares of Miller Industries (MLR) traded up $0.38 during trading on Friday, hitting $25.15. The stock had a trading volume of 15,422 shares, compared to its average volume of 24,113. The firm has a market capitalization of $285.03, a price-to-earnings ratio of 12.35 and a beta of 0.62. The company has a quick ratio of 1.56, a current ratio of 2.24 and a debt-to-equity ratio of 0.05. Miller Industries has a 12 month low of $23.35 and a 12 month high of $29.00.

Miller Industries (NYSE:MLR) last issued its quarterly earnings results on Wednesday, March 7th. The auto parts company reported $0.81 earnings per share for the quarter. Miller Industries had a return on equity of 11.84% and a net margin of 3.74%. The business had revenue of $159.72 million for the quarter.

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Miller Industries Company Profile

Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.

Dividend History for Miller Industries (NYSE:MLR)

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