Miller Industries, Inc. (MLR) to Issue Quarterly Dividend of $0.20 on December 9th

Miller Industries, Inc. (NYSE:MLR) declared a quarterly dividend on Wednesday, November 5th. Investors of record on Tuesday, December 2nd will be paid a dividend of 0.20 per share by the auto parts company on Tuesday, December 9th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, December 2nd.

Miller Industries has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. Miller Industries has a dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Miller Industries to earn $5.94 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 13.5%.

Miller Industries Stock Performance

NYSE MLR opened at $38.74 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.32 and a quick ratio of 2.19. The company has a market cap of $442.84 million, a P/E ratio of 10.58 and a beta of 1.24. The stock has a 50-day moving average of $39.36 and a two-hundred day moving average of $42.01. Miller Industries has a 1-year low of $33.81 and a 1-year high of $76.25.

Miller Industries (NYSE:MLR) last posted its quarterly earnings data on Wednesday, November 5th. The auto parts company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.02 by $0.25. Miller Industries had a net margin of 4.35% and a return on equity of 10.48%. The business had revenue of $178.67 million during the quarter, compared to analyst estimates of $177.55 million. Miller Industries has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Miller Industries will post 5.68 EPS for the current year.

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.