Miller Industries, Inc. (NYSE:MLR) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Investors of record on Monday, September 11th will be paid a dividend of 0.18 per share by the auto parts company on Monday, September 18th. This represents a $0.72 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, September 8th.

Miller Industries has increased its dividend by an average of 6.7% per year over the last three years.

Miller Industries (NYSE MLR) opened at 25.05 on Friday. Miller Industries has a 52 week low of $20.84 and a 52 week high of $28.85. The company’s 50-day moving average is $25.18 and its 200 day moving average is $25.12. The stock has a market cap of $284.99 million, a PE ratio of 14.91 and a beta of 0.61.

Miller Industries (NYSE:MLR) last released its earnings results on Wednesday, August 9th. The auto parts company reported $0.48 EPS for the quarter. Miller Industries had a net margin of 3.22% and a return on equity of 10.31%. The company had revenue of $153.09 million for the quarter.

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Separately, BidaskClub cut shares of Miller Industries from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.

About Miller Industries

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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