Miller Industries Raises Quarterly Dividend by 5%

The auto parts manufacturer will pay shareholders $0.21 per share, up from $0.20 previously.

Published on Mar. 5, 2026

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Miller Industries, Inc. (NYSE:MLR), a leading designer and manufacturer of towing and recovery vehicles, announced on Wednesday, March 4th that it will increase its quarterly dividend by 5% to $0.21 per share. The dividend will be paid on March 23rd to shareholders of record as of March 16th. This marks the second consecutive year the company has raised its dividend.

Why it matters

The dividend increase reflects Miller Industries' strong financial performance and commitment to returning value to shareholders. As an established player in the towing and recovery industry, the company's ability to consistently raise its payout demonstrates its stable cash flows and growth potential.

The details

The new $0.21 quarterly dividend represents a 1.9% yield based on the company's current stock price. Miller Industries has raised its dividend by an average of 0.0% annually over the last three years. Analysts expect the company to earn $5.94 per share in the next fiscal year, which would give it a payout ratio of just 13.5% - well below the industry average.

  • The dividend will be paid on March 23, 2026.
  • The ex-dividend date is March 16, 2026.

The players

Miller Industries, Inc.

A leading designer, engineer and manufacturer of towing and recovery vehicles and related equipment, serving customers in the towing, recovery, roadside assistance and vehicle transport industries.

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The takeaway

Miller Industries' dividend increase demonstrates the company's financial strength and commitment to rewarding shareholders, even as it continues to invest in product innovation and market expansion within the towing and recovery vehicle industry.