SmarterDividends
MLR

Miller Industries, Inc.

MLR

Consumer Cyclical · Auto Parts · Stock · quarterly payer

$51.47

Overvalued · -16% Add to Portfolio

Forward Yield

1.63%

Annual Dividend

$0.84

Payout Ratio

66%

5-Yr Growth

2.1%

Ex-Date

Sep 8, 2026

Frequency

Quarterly

Key facts about MLR's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Miller Industries, Inc. (MLR) has a forward dividend yield of 1.63%, based on an annual dividend of $0.84 per share and a share price of $51.47.
  • As of Oct 18, 2026, MLR's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Miller Industries, Inc. (MLR) has raised its dividend for 2 consecutive years as of Oct 18, 2026.
  • MLR has never cut its regular dividend in the payment history SmarterDividends has on record.
  • MLR's most recent ex-dividend date was Sep 8, 2026, for a dividend of $0.21 per share.
  • As of Oct 18, 2026, MLR pays out 66% of its trailing 12-month earnings as dividends (its payout ratio).
  • MLR's dividend has grown at an average rate of 2.1% a year over the past five years.
  • As of Oct 18, 2026, MLR's 1.63% yield is 16% below its five-year average yield of 1.95%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MLR is $43.21 per share, 16% below the $51.47 share price, so MLR screens as overvalued.
  • Miller Industries, Inc. (MLR) pays its dividend quarterly, 4 times a year.
  • Miller Industries, Inc. (MLR) has raised its regular dividend 10 times and cut it 0 times across the 64 payments on record since 2010. Its most recent change was a 5.0% increase to $0.210 per share, going ex-dividend on Mar 16, 2026.
Cite this page

SmarterDividends, "MLR Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MLR

Summary

As of Oct 18, 2026, Miller Industries, Inc. (MLR) yields 1.63% ($0.84 a year per share), has a dividend safety grade of A (88/100) and has 2 consecutive years of dividend increases on record.

Is MLR a good dividend stock?

Yes

Miller Industries, Inc. (MLR) pays a quarterly dividend yielding 1.63% ($0.84/yr), with 2 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Never cut its dividend on record
  • 57% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
1.63%
Payout Ratio
66%
Annual Dividend
$0.84
5-Yr Avg Growth
2.1%
Ex-Dividend Date
Sep 8, 2026
Years of Growth
2
Frequency
quarterly
Beta
1.13
Market Cap
$584.3M
P/E Ratio
41.2
5-Yr Total Return
57%
52-Week Range
$35.72 – $59.70
Dividend Safety
A · 88/100
Ever Cut?
No

MLR dividend raises and cuts

Miller Industries, Inc. (MLR) has raised its regular dividend 10 times and cut it 0 times across the 64 payments on record since 2010. Its most recent change was a 5.0% increase to $0.210 per share, going ex-dividend on Mar 16, 2026.

Ex-dateChangeOld → newMove
Mar 16, 2026Raise$0.200 → $0.210+5.0%
Mar 17, 2025Raise$0.190 → $0.200+5.3%
Mar 15, 2024Raise$0.180 → $0.190+5.6%
Mar 23, 2017Raise$0.170 → $0.180+5.9%
Mar 17, 2016Raise$0.160 → $0.170+6.3%
Mar 12, 2015Raise$0.150 → $0.160+6.7%
Mar 13, 2014Raise$0.140 → $0.150+7.1%
Mar 14, 2013Raise$0.130 → $0.140+7.7%
Mar 15, 2012Raise$0.120 → $0.130+8.3%
Mar 15, 2011Raise$0.100 → $0.120+20.0%
Every MLR payment →Download every raise and cut (CSV)
MLR ex-dividend date & scheduleNext ex-date Sep 8, 2026 · full ex-dividend historyView →MLR dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MLR a good dividend stock?

Yes. Miller Industries, Inc. (MLR) pays a quarterly dividend yielding 1.63% ($0.84/yr), with 2 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is MLR undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MLR's fair value is about $43.21 versus a $51.47 share price — so it looks overvalued (-16% vs. fair value).

Is MLR's dividend safe?

MLR has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is MLR's fair value?

Our blended fair-value estimate for MLR is about $43.21 per share, about 16% below the current $51.47 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MLR a buy, hold, or sell?

We don't issue formal ratings, but on the data MLR screens as "yes" and overvalued. Miller Industries, Inc. (MLR) pays a quarterly dividend yielding 1.63% ($0.84/yr), with 2 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will MLR cut its dividend?

MLR earns a dividend-safety grade of A (88/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MLR pay a dividend?

Yes. Miller Industries, Inc. pays a quarterly dividend of about $0.84 per share annually, a forward yield of roughly 1.63%.

What is MLR's dividend yield?

As of Oct 18, 2026, MLR's forward dividend yield is 1.63%, based on a $0.84 annual dividend and a $51.47 share price.

What is MLR's dividend per share?

As of Oct 18, 2026, MLR pays $0.84 per share per year, distributed on a quarterly basis.

What is MLR's dividend payout ratio?

As of Oct 18, 2026, MLR's payout ratio is 66% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has MLR grown its dividend?

As of Oct 18, 2026, MLR has increased its dividend for 2 consecutive years.

When is the next MLR ex-dividend date?

As of Oct 18, 2026, MLR's next ex-dividend date hasn't been announced. The most recent was Sep 8, 2026, for $0.21 per share.

Income Calculator

At $0.84 / yr per share

Per payment (quarterly)$21.00
Annual$84.00
Monthly avg$7.00

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