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

Miller Industries, Inc. (NYSE:MLR) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.19 per share by the auto parts company on Monday, June 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, June 3rd.

Miller Industries Stock Down 2.1 %

Shares of Miller Industries stock traded down $1.23 on Friday, hitting $56.67. 36,833 shares of the company traded hands, compared to its average volume of 57,641. The company has a 50-day moving average price of $49.85 and a 200 day moving average price of $43.75. The company has a quick ratio of 1.37, a current ratio of 2.17 and a debt-to-equity ratio of 0.17. Miller Industries has a 12-month low of $32.48 and a 12-month high of $60.14. The company has a market cap of $650.00 million, a PE ratio of 11.25 and a beta of 1.03.

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

Analyst Ratings Changes

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

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.