NEW YORK ( TheStreet) -- The ex-dividend date for Mueller Industries Inc (NYSE: MLI) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $44.84 as of 9:31 a.m. ET, the dividend yield is 0.9%.

The average volume for Mueller has been 626,400 shares per day over the past 30 days. Mueller has a market cap of $1.6 billion and is part of the industrial goods sector and industrial industry. Shares are up 34.6% year to date as of the close of trading on Friday.

Mueller Industries, Inc. manufactures copper, brass, plastic, and aluminum products. It operates in two segments, Plumbing & Refrigeration, and Original Equipment Manufacturers (OEM). The company has a P/E ratio of 16.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Mueller as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Mueller Ratings Report.

See our dividend calendar or top-yielding stocks list.

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