Miller Industries, Inc. (NYSE:MLR) Declares Quarterly Dividend of $0.19

Miller Industries, Inc. (NYSE:MLR) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Monday, June 3rd will be paid a dividend of 0.19 per share by the auto parts company on Monday, June 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, June 3rd.

Miller Industries Stock Down 1.5 %

Shares of MLR stock traded down $0.87 during trading on Friday, hitting $57.03. 31,968 shares of the company were exchanged, compared to its average volume of 57,587. Miller Industries has a twelve month low of $32.48 and a twelve month high of $60.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.37 and a current ratio of 2.17. The firm has a market capitalization of $654.13 million, a price-to-earnings ratio of 11.38 and a beta of 1.03. The business’s 50-day simple moving average is $49.85 and its 200 day simple moving average is $43.75.

Miller Industries (NYSE:MLR) last announced its quarterly earnings results on Wednesday, March 6th. The auto parts company reported $1.45 EPS for the quarter. The business had revenue of $296.25 million during the quarter. Miller Industries had a return on equity of 17.97% and a net margin of 5.05%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Miller Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th.

Miller Industries Company Profile

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.