NEW YORK ( TheStreet) -- The ex-dividend date for Miller Industries (NYSE: MLR) is tomorrow, December 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $15.65 as of 9:40 a.m. ET, the dividend yield is 3.2%. The average volume for Miller has been 103,000 shares per day over the past 30 days. Miller has a market cap of $166.2 million and is part of the consumer goods sector and automotive industry. Shares are up 5.5% year to date as of the close of trading on Tuesday. Miller Industries, Inc. engages in the manufacture and sale of vehicle towing and recovery equipment in North America and internationally. The company has a P/E ratio of 8.5, above the average automotive industry P/E ratio of 8.3 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Miller as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Miller Ratings Report. See our dividend calendar or top-yielding stocks list.