MLR (Miller Industries) Dividend Payout Ratio: 4.20 (As of Mar. 2026) — 1213% Above Median


MLR Miller Industries Inc MLR
86 GF Score
Price $52.33
GF Value $33.53
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Miller Industries Dividend Payout Ratio?

Miller Industries MLR +3.03% 86 Dividend Payout Ratio is 4.20 as of Mar. 2026, which is 1213% above its 10-year median of 0.32. GuruFocus rates MLR with a GF Score™ of 86/100 and a GF Value™ of $33.53 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 776 Vehicles & Parts companies, Miller Industries ranks worse than 72.55% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Miller Industries's Dividend Payout Ratio for the months ended in Mar. 2026 was 4.20.

The historical rank and industry rank for Miller Industries's Dividend Payout Ratio or its related term are showing as below:

MLR' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.32   Max: 0.6
Current: 0.6

During the past 13 years, the highest Dividend Payout Ratio of Miller Industries was 0.60. The lowest was 0.14. And the median was 0.32.

MLR's Dividend Payout Ratio is ranked worse than
72.55% of 776 companies
in the Vehicles & Parts industry
Industry Median: 0.36 vs MLR: 0.60

As of today (2026-06-25), the Dividend Yield % of Miller Industries is 1.57%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Miller Industries was 3.38%. The lowest was 1.00%. And the median was 2.21%.

Miller Industries's Dividends per Share for the months ended in Mar. 2026 was $0.21.

During the past 12 months, Miller Industries's average Dividends Per Share Growth Rate was 5.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Miller Industries was 77.60% per year. The lowest was 0.00% per year. And the median was 3.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Miller Industries (NYSE:MLR) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Miller Industries Dividend Payout Ratio Related Terms

Miller Industries Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Miller Industries's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Miller Industries Dividend Payout Ratio Chart

Miller Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.40 0.14 0.14 0.40

Miller Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.27 0.74 0.69 4.20

MLR vs CPS, MVST, MNRO: Dividend Payout Ratio Comparison

For the Auto Parts subindustry, Miller Industries's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Miller Industries Dividend Payout Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Miller Industries's Dividend Payout Ratio falls into.


MLR
86GF Score
Miller Industries Inc MLR
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Miller Industries Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Miller Industries's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.8/ 1.98
=0.40

Miller Industries's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.21/ 0.05
=4.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 4.20 mean?
Miller Industries (MLR) has a Dividend Payout Ratio of 4.20 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Miller Industries and its competitors. This is 1213% above median its historical median of 0.32. Over the past decade, Miller Industries' Dividend Payout Ratio has ranged from 0.14 to 0.60. According to the industry distribution chart, Miller Industries ranks #563 out of 776 companies in the Vehicles & Parts industry, placing it in the top 72.6%.
Is Miller Industries' Dividend Payout Ratio too high?
Miller Industries' current Dividend Payout Ratio of 4.20 is 1213% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.60. The Vehicles & Parts industry median Dividend Payout Ratio is 0.36. Miller Industries' value of 4.20 is 1066.7% above this industry median. Based on the distribution chart, Miller Industries ranks #563 out of 776 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Miller Industries has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Miller Industries' Dividend Payout Ratio compare to CPS and MVST?
According to the Vehicles & Parts industry distribution chart, Miller Industries ranks #563 out of 776 companies for Dividend Payout Ratio. This places Miller Industries in the lower half of its industry. The industry median Dividend Payout Ratio is 0.36. Miller Industries' value of 4.20 is 1066.7% above this benchmark. Historically, Miller Industries' own Dividend Payout Ratio has ranged from 0.14 to 0.60 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.36, Miller Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Vehicles & Parts company?
The median Dividend Payout Ratio among Vehicles & Parts companies is 0.36, based on 776 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miller Industries's current Dividend Payout Ratio of 4.20 is 1066.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Miller Industries and its competitors. For the Vehicles & Parts industry, the median Dividend Payout Ratio is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miller Industries's current Dividend Payout Ratio is 4.20, which is 1213% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miller Industries stock overvalued right now?
Based on GuruFocus' analysis, Miller Industries (MLR) is currently considered Significantly Overvalued. The stock's GF Value™ is $33.53, compared to a current price of $52.33 — trading 56.1% above its estimated fair value. The current Dividend Payout Ratio is 4.20, which is 1213% above median its 10-year median of 0.32 and 1066.7% above the Vehicles & Parts industry median of 0.36. Miller Industries' overall GF Score™ is 86/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Miller Industries (MLR), the current Dividend Payout Ratio is 4.20 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Miller Industries (MLR) Overvalued in 2026?

Based on GuruFocus' analysis, Miller Industries stock appears to be overvalued. The current stock price of $52.33 is trading 56.1% above its estimated GF Value™ of $33.53. GuruFocus considers Miller Industries to be Significantly Overvalued.

Key valuation signals for MLR:

  • Dividend Payout Ratio: 4.20 (1213% above median its 10-year median of 0.32)
  • GF Value™: $33.53 vs. price of $52.33 (56.1% above fair value)
  • GF Score™: 86/100 with 9 warning signs
  • Industry Position: 1066.7% above the Vehicles & Parts median (#563 of 776)

No single metric tells the full story. See the MLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Miller Industries Business Description

Address 8503 Hilltop Drive, Ooltewah, TN, USA, 37363
Miller Industries Inc is a manufacturer of Towing and Recovery Equipment. The company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to customers. Its product lines include car carriers, light duty, heavy duty, rotators, special transport, military, wreckers, and transport trailers. It sells products under various brands including Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle.
86GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$52.33
Price
$33.53
GF Value