Mueller Industries Inc. (MLI) Monday boosted its its quarterly divided by 25 percent to 12.5 cents per share, up from 10 cent per share in prior periods. The dividend will be payable December 14 to shareholders as of record December 3.
The company also appointed Gary Gladstein, a current independent member of its Board of Directors, as non-executive Chairman of the Board, effective January 1, 2013. Alexander Federbush, the company's outgoing Chairman, will continue to serve as a member of the Board.
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