Miller Industries, Inc. Increases Quarterly Dividend, Payable March 25, 2024
March 06, 2024 at 04:42 pm EST
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Miller Industries, Inc. declared that its Board of Directors approved a 5.6% increase in the Company's quarterly dividend to $0.19 per share. The dividend will be payable March 25, 2024, to shareholders of record at the close of business on March 18, 2024.
Miller Industries, Inc. is a manufacturer of towing and recovery equipment. The Company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to its customers. Its products are marketed and sold through a network of distributors that serve all 50 states, Canada, Mexico, and other foreign markets, and through prime contractors to governmental entities. In addition to selling its products, its independent distributors provide end-users with parts and service. Its product line includes car carriers, wreckers, and transport trailers. Car carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Its multi-vehicle transport trailers are specialized auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. Its brands include Century, Vulcan, Chevron, Holmes, and Challenger.
MILLER INDUSTRIES, INC. 
