Dividend Flows Change: $0.10 dividends will be a reality for Mueller Industries, Inc. (NYSE:MLI)’s shareholders on Dec 19, 2016.

Dividend Flows Change: $0.10 dividends will be a reality for Mueller Industries, Inc. (NYSE:MLI)'s shareholders on Dec 19, 2016.

Mueller Industries, Inc. (NYSE:MLI) is expected to pay $0.10 on Dec 19, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Mueller Industries, Inc.’s current price of $38.03, the dividend is 0.26%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 14, 2016. The stock decreased 1.30% or $0.5 during the last trading session, hitting $38.03. Mueller Industries, Inc. (NYSE:MLI) has risen 17.45% since April 26, 2016 and is uptrending. It has outperformed by 12.19% the S&P500.

Mueller Industries, Inc. is a maker of copper, brass, aluminum and plastic products. The company has a market cap of $2.19 billion. The Firm operates through two divisions: Plumbing & Refrigeration and Original Equipment Manufacturers (OEM). It has a 22.39 P/E ratio. The Company’s Plumbing & Refrigeration segment consists of Standard Products (SPD), Great Lakes Copper Ltd. (Great Lakes), European Operations and Mexican Operations.

Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.32, from 1.16 in 2016Q1. The ratio improved, as 11 funds sold all Mueller Industries, Inc. shares owned while 47 reduced positions. 12 funds bought stakes while 55 increased positions. They now own 52.49 million shares or 0.52% less from 52.76 million shares in 2016Q1.
The California-based Blackrock Fund Advsr has invested 0.03% in Mueller Industries, Inc. (NYSE:MLI). Stevens Mngmt Lp has 0.02% invested in the company for 16,395 shares. Blackrock Investment Mngmt Ltd Limited Liability Company has 243,658 shares for 0.01% of their US portfolio. Blackrock Advsrs Ltd Liability Co accumulated 0% or 26,870 shares. First Lp has 0.02% invested in the company for 151,073 shares. Citigroup holds 0% of its portfolio in Mueller Industries, Inc. (NYSE:MLI) for 31,197 shares. Federated Inc Pa holds 0% of its portfolio in Mueller Industries, Inc. (NYSE:MLI) for 2,019 shares. Gates Capital Mngmt, a New York-based fund reported 1.71M shares. Moreover, Pub Sector Pension Board has 0.01% invested in Mueller Industries, Inc. (NYSE:MLI) for 40,338 shares. Pinebridge L P accumulated 0.01% or 7,245 shares. Tdam Usa last reported 0.08% of its portfolio in the stock. Royal Bancorporation Of Canada has invested 0% of its portfolio in Mueller Industries, Inc. (NYSE:MLI). United Svcs Automobile Association accumulated 0.06% or 534,460 shares. Moreover, Jpmorgan Chase And has 0% invested in Mueller Industries, Inc. (NYSE:MLI) for 44,435 shares. Goldman Sachs Group Inc has 180,796 shares for 0% of their US portfolio.

Insider Transactions: Since August 25, 2016, the stock had 0 buys, and 3 insider sales for $2.55 million net activity. 25,000 Mueller Industries, Inc. (NYSE:MLI) shares with value of $900,681 were sold by Christopher Gregory L.. CORMAN RICHARD W also sold $128,866 worth of Mueller Industries, Inc. (NYSE:MLI) shares.

More recent Mueller Industries, Inc. (NYSE:MLI) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Knight Transportation, Fluor and Mueller Industries” on November 28, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on April 18, 2011. Businesswire.com‘s news article titled: “Mueller Industries & Atlas Holdings Complete Tender Offer for Tecumseh …” with publication date: September 21, 2015 was also an interesting one.

MLI Company Profile

Mueller Industries, Inc. (Mueller), incorporated on October 3, 1990, is a maker of copper, brass, aluminum and plastic products. The Firm operates through two divisions: Plumbing & Refrigeration, and Original Equipment Manufacturers (OEM). The Company’s products include copper tube and fittings; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products; and steel nipples. The Firm also resells imported brass and plastic plumbing valves, malleable iron fittings, faucets and plumbing specialty products. Mueller’s activities are located throughout the United States and in Canada, Mexico, Great Britain, and China.

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