As the day concludes, Miller Industries MLR is preparing to distribute a dividend payout of $0.18 per share, resulting in an annualized dividend yield of 1.93%. This payout is exclusive to investors who held the stock before the ex-dividend date on December 01, 2023.
Miller Industries Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-01 | 4 | $0.18 | 1.93% | 2023-11-08 | 2023-12-04 | 2023-12-11 |
| 2023-08-31 | 4 | $0.18 | 1.91% | 2023-08-09 | 2023-09-01 | 2023-09-11 |
| 2023-06-02 | 4 | $0.18 | 2.11% | 2023-05-03 | 2023-06-05 | 2023-06-12 |
| 2023-03-17 | 4 | $0.18 | 2.63% | 2023-03-08 | 2023-03-20 | 2023-03-27 |
| 2022-12-02 | 4 | $0.18 | 2.8% | 2022-11-09 | 2022-12-05 | 2022-12-12 |
| 2022-09-01 | 4 | $0.18 | 3.01% | 2022-08-03 | 2022-09-05 | 2022-09-12 |
| 2022-06-03 | 4 | $0.18 | 2.69% | 2022-05-04 | 2022-06-06 | 2022-06-13 |
| 2022-03-18 | 4 | $0.18 | 2.43% | 2022-03-09 | 2022-03-21 | 2022-03-28 |
| 2021-12-03 | 4 | $0.18 | 1.95% | 2021-11-03 | 2021-12-06 | 2021-12-13 |
| 2021-09-02 | 4 | $0.18 | 1.92% | 2021-08-04 | 2021-09-03 | 2021-09-13 |
| 2021-06-04 | 4 | $0.18 | 1.65% | 2021-05-05 | 2021-06-07 | 2021-06-14 |
| 2021-03-12 | 4 | $0.18 | 1.72% | 2021-03-03 | 2021-03-15 | 2021-03-22 |
When comparing Miller Industries's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Douglas Dynamics PLOW having the highest annualized dividend yield at 3.99%.
Analyzing Miller Industries Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company maintained a consistent dividend per share of $0.72. This signifies the company's dedication to a stable dividend policy, which is reassuring for shareholders seeking reliable returns on their investments.
YoY Earnings Growth For Miller Industries
The earnings chart above reveals a decrease in Miller Industries's earnings per share, declining from $3.36 in 2019 to $1.21 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
This article delves into the recent dividend payout of Miller Industries and its implications for shareholders. Presently, the company is distributing a dividend of $0.18 per share, leading to an annualized dividend yield of 1.93%.
When comparing Miller Industries's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Douglas Dynamics having the highest annualized dividend yield at 3.99%.
Despite no adjustment in the dividend per share over the period of 2019 to 2022, the consistent decrease in earnings per share for Miller Industries highlights a deteriorating financial status, potentially impacting the company's ability to share profits with its investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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