other material
confidence high
sentiment neutral
materiality 0.50
Mueller Industries plans stock split; declares $0.30 quarterly dividend
MUELLER INDUSTRIES INC
- Declared $0.30 quarterly cash dividend, payable Sept 15, 2023 to holders of record Sept 1, 2023.
- Shareholders to vote on increasing authorized common shares from 100M to 250M to enable a stock split.
- As of July 21, 2023, 56.8M shares outstanding; current authorized shares are 100M.
- Stock split size and timing to be determined by Board after charter amendment approval.
- Regular quarterly dividend unchanged from prior rate.