Paul Mueller Company Declares Quarterly Cash Dividend

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Paul Mueller Company (OTC: MUEL) has announced a quarterly cash dividend of $0.23 per share on its outstanding common stock. The decision was made by the Board of Directors on August 9, 2024. Shareholders of record as of August 26, 2024, will receive the dividend payment on September 27, 2024. This announcement demonstrates the company's commitment to returning value to its shareholders and may indicate financial stability. However, investors should consider the sustainability of dividend payments and their impact on the company's cash reserves.

Positive

Declaration of a $0.23 per share quarterly dividend
Consistent dividend payments indicating financial stability

Negative

Potential impact on cash reserves due to dividend payout

News Market Reaction

1 alert

% News Effect

On the day this news was published, MUEL declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

08/09/2024 - 05:00 PM

SPRINGFIELD, Mo., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced that its Board of Directors has declared a cash dividend of 23 cents ($0.23) per share on its outstanding common stock. The action was taken on August 9, 2024, at a regular meeting of the Board of Directors. The dividend of 23 cents ($0.23) per share is payable on September 27, 2024, to shareholders of record on August 26, 2024.

Contact Info:
Ken Jeffries (417) 575-9000 kjeffries@paulmueller.com https://paulmueller.com