Mueller Water Products (NYSE:MWA) Raises Dividend to $0.08 Per Share

Mueller Water Products (NYSE:MWA) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Monday, November 9th will be paid a dividend of $0.08 per share by the industrial products company on Thursday, November 19th. This represents a $0.32 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, November 9th. This is a 14.3% increase from Mueller Water Products’s previous quarterly dividend of $0.07.

Mueller Water Products has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Mueller Water Products has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Mueller Water Products to earn $1.62 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 17.3%.

Mueller Water Products Stock Up 2.0%

Shares of Mueller Water Products stock opened at $22.31 on Friday. The business has a 50-day moving average price of $22.95 and a 200 day moving average price of $25.08. Mueller Water Products has a fifty-two week low of $20.90 and a fifty-two week high of $31.00. The firm has a market cap of $3.48 billion, a P/E ratio of 15.82, a P/E/G ratio of 0.90 and a beta of 1.01. The company has a quick ratio of 3.08, a current ratio of 4.64 and a debt-to-equity ratio of 0.40.

Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The company had revenue of $395.90 million for the quarter, compared to the consensus estimate of $391.49 million. Mueller Water Products had a return on equity of 23.55% and a net margin of 15.02%. Mueller Water Products’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. On average, sell-side analysts forecast that Mueller Water Products will post 1.52 earnings per share for the current fiscal year.

Mueller Water Products Company Profile

Mueller Water Products, Inc (NYSE:MWA) manufactures products and provides services used in the treatment, transmission, distribution, and measurement of water. Its customers include municipalities, water utilities, distributors, contractors, and industrial organizations.

The company’s product portfolio includes water valves, fire hydrants, pipe fittings, repair and connection products, and related infrastructure equipment. Through its Echologics business, Mueller also provides acoustic leak-detection technologies and other solutions designed to help utilities monitor and manage water distribution systems.

Mueller Water Products traces its history to Mueller Co, which was founded in 1857.