Mueller Industries (MLI) Declares $3.00 Special Dividend; 7.6% Yield

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Go back to Mueller Industries (MLI) Declares $3.00 Special Dividend; 7.6% Yield

Mueller Industries, Inc. Announces Payment and Record Dates for Special Dividend

January 25, 2017 7:01 AM EST

MEMPHIS, Tenn., January 25, 2017 -- Mueller Industries, Inc. (NYSE: MLI) announced today that the special dividend on its common stock will be payable March 9, 2017, to stockholders of record on February 28, 2017.  As previously announced, the special dividend will consist of $3.00 in cash and $5.00 in principal amount of the Company's 6% Subordinated Debentures due 2027 for each share of common stock (less any applicable withholding tax). 

The Debentures will be subordinated to all other funded debt of the Company and will be callable, in whole or in... More