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

Mueller Water Products (NYSE:MWA) announced 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 increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 10 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 Up 3.1%

Shares of MWA stock opened at $25.95 on Wednesday. Mueller Water Products has a fifty-two week low of $22.74 and a fifty-two week high of $31.00. The stock has a market cap of $4.06 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.14 and a beta of 1.03. The business has a fifty day simple moving average of $25.44 and a 200-day simple moving average of $27.01. The company has a quick ratio of 2.92, a current ratio of 4.57 and a debt-to-equity ratio of 0.42.

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 (EPS) for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The business had revenue of $1.19 billion during the quarter. On average, analysts forecast that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.

Insider Activity at Mueller Water Products

In related news, Director Brian C. Healy acquired 1,183 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average price of $25.33 per share, for a total transaction of $29,965.39. Following the transaction, the director owned 24,946 shares in the company, valued at $631,882.18. This trade represents a 4.98% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Danske Bank A S grew its holdings in shares of Mueller Water Products by 266.7% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after buying an additional 800 shares in the last quarter. Strive Financial Group LLC purchased a new position in shares of Mueller Water Products during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Mueller Water Products by 47.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock valued at $32,000 after buying an additional 423 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Mueller Water Products during the fourth quarter worth approximately $34,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Mueller Water Products by 44.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 469 shares during the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

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.