Mueller Water Products (MWA) To Go Ex-Dividend on May 11th

Mueller Water Products (NYSE:MWA) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Monday, May 11th will be given a dividend of 0.07 per share by the industrial products company on Wednesday, May 20th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, May 11th.

Mueller Water Products has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 10 years. Mueller Water Products has a payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mueller Water Products to earn $1.58 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 17.7%.

Mueller Water Products Stock Up 0.7%

MWA stock opened at $27.90 on Friday. Mueller Water Products has a 1-year low of $22.74 and a 1-year high of $31.00. The business has a fifty day moving average price of $28.45 and a 200-day moving average price of $26.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.02 and a quick ratio of 2.55. The stock has a market capitalization of $4.36 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.27 and a beta of 1.16.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The company had revenue of $318.20 million during the quarter, compared to analyst estimates of $315.26 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. Mueller Water Products’s revenue was up 4.6% compared to the same quarter last year. Equities analysts forecast that Mueller Water Products will post 1.45 earnings per share for the current fiscal 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.