Mueller Industries announced that its Board of Directors has declared a two-for-one stock split to be effected in the form of a 100% stock dividend. Stockholders of record on October 6, 2023 will receive one additional share of common stock for each share of the company’s common stock held on that date. The distribution date for the stock split, or the date on which new shares will be distributed from the company’s transfer agent, Equiniti Trust Company, LLC, will be October 20, 2023. Following the stock split, the company’s outstanding common shares will increase to approximately 113.5M shares.
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