Paul Mueller Company Announces Expiration of Share Repurchase Program and Declares Quarterly Cash Dividend

SPRINGFIELD, Mo., May 10, 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 shares.

The action was taken on May 10, 2024, during a regular meeting of the board of directors. The dividend of 23 cents ($0.23) per share is payable on June 28, 2024 to shareholders of record on May 24, 2024.

Additionally, on May 7, 2024, the tender offer announced on March 15, 2024 expired and 148,874 shares were tendered for a total of $11,909,920. On May 13, 2024, Computershare, the tender offer depositary, will deliver the funds to the Depository Trust Company which will be paid into the brokerage accounts of those who deposited the shares. On May 14, 2024, Computershare will send checks to shareholders of record who have properly deposited their shares.

Contact information:
Ken Jeffries (417) 575-9000
[email protected] https://paulmueller.com