Mueller Water Products Announces Quarterly Dividend of $0.07 (NYSE:MWA)

Mueller Water Products (NYSE:MWA) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, August 10th will be given a dividend of 0.07 per share by the industrial products company on Thursday, August 20th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 10th.

Mueller Water Products has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. Mueller Water Products has a dividend payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mueller Water Products to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 17.5%.

Mueller Water Products Trading Down 0.7%

Shares of Mueller Water Products stock opened at $25.74 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57. Mueller Water Products has a 52-week low of $22.74 and a 52-week high of $31.00. The stock has a market cap of $4.03 billion, a PE ratio of 19.65, a PEG ratio of 1.14 and a beta of 1.03. The firm has a 50-day moving average of $25.44 and a 200-day moving average of $27.01.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share for the quarter. The firm had revenue of $1.19 billion for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%. As a group, sell-side analysts forecast that Mueller Water Products will post 1.47 EPS for the current year.

About Mueller Water Products

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.