Published on 9 Mar 2024 on Simply Wall St. via Yahoo Finance
Why You Might Be Interested In Mueller Industries, Inc. (NYSE:MLI) For Its Upcoming Dividend
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Mueller Industries, Inc. (NYSE:MLI) is about to trade ex-dividend in the next 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Thus, you can purchase Mueller Industries' shares before the 14th of March in order to receive the dividend, which the company will pay on the 29th of March.
The company's next dividend payment will be US$0.20 per share, on the back of last year when the company paid a total of US$0.60 to shareholders. Based on the last year's worth of payments, Mueller Industries has a trailing yield of 1.5% on the current stock price of US$51.76. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
View our latest analysis for Mueller Industries