Miller Industries, Inc. (NYSE:MLR – Get Free Report) announced a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Investors of record on Monday, September 9th will be given a dividend of 0.19 per share by the auto parts company on Monday, September 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Monday, September 9th.
Miller Industries has a dividend payout ratio of 11.7% meaning its dividend is sufficiently covered by earnings.
Miller Industries Stock Down 2.0 %
MLR stock opened at $57.73 on Friday. The company has a 50 day moving average of $60.26 and a two-hundred day moving average of $55.19. The company has a quick ratio of 1.44, a current ratio of 2.08 and a debt-to-equity ratio of 0.18. Miller Industries has a 12-month low of $34.96 and a 12-month high of $69.75. The company has a market cap of $662.16 million, a price-to-earnings ratio of 10.08 and a beta of 0.96.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Miller Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th.
Read Our Latest Stock Report on Miller Industries
About Miller Industries
Miller Industries, Inc, together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.
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