Mueller Stock To Go Ex-dividend Tomorrow (MLI)

NEW YORK ( TheStreet) -- The ex-dividend date for Mueller Industries (NYSE: MLI) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $43.79 as of 9:30 a.m. ET, the dividend yield is 0.9%.

The average volume for Mueller has been 178,900 shares per day over the past 30 days. Mueller has a market cap of $1.66 billion and is part of the industrial goods sector and industrial industry. Shares are up 13% year to date as of the close of trading on Friday.

Mueller Industries, Inc. engages in the manufacture and sale of copper, brass, plastic, and aluminum products in the United States, Canada, Mexico, Great Britain, and China. It operates in two segments, Plumbing and Refrigeration, and Original Equipment Manufacturers (OEM). The company has a P/E ratio of 21.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mueller as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Mueller Ratings Report.

See our dividend calendar or top-yielding stocks list.
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