By the end of today, September 11, 2023, Miller Industries MLR is set to deliver a dividend payout of $0.18 per share, equating to an annualized dividend yield of 1.91%. Shareholders who owned the stock prior to the ex-dividend date on August 31, 2023 will receive this payout.
Miller Industries Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2020-12-04 | 4 | $0.18 | 2.26% | 2020-11-04 | 2020-12-07 | 2020-12-14 |
When comparing Miller Industries's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Trinity Industries TRN having the highest annualized dividend yield at 4.41%.
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
The company has consistently maintained a dividend per share of $0.72 from 2019 to 2022. This unwavering dividend policy instills confidence in investors, as they can rely on a consistent income stream from the company's dividends.
YoY Earnings Growth For Miller Industries
From 2019 to 2022, Miller Industries experienced a decrease in earnings per share, dropping from $3.36 to $1.21. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
This article provides an in-depth analysis of Miller Industries's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.18 per share, resulting in an annualized dividend yield of 1.91%.
When comparing Miller Industries's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Trinity Industries having the highest annualized dividend yield at 4.41%.
Even though there has been no change in the dividend per share from 2019 to 2022, the declining earnings per share of Miller Industries reflect a weaker financial footing, which may limit the company's ability to consistently reward shareholders with profit distributions.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[Monitor live stock price updates for Miller Industries on Benzinga.](https://www.benzinga.com/quote/Miller Industries (NYSE: MLR))
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.
Ex-Date | ticker | name | Dividend | Yield | Announced | Record | Payable |
|---|
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