Mueller Water Products (MWA) To Go Ex-Dividend on February 10th

Mueller Water Products (NYSE:MWA) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Tuesday, February 10th will be given a dividend of 0.07 per share by the industrial products company on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, February 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 annually for the last 10 consecutive 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 $1.36 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 20.6%.

Mueller Water Products Price Performance

Mueller Water Products stock opened at $26.57 on Friday. The business has a 50 day simple moving average of $24.72 and a 200 day simple moving average of $25.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.54 and a quick ratio of 2.41. The company has a market capitalization of $4.15 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.27 and a beta of 1.18. Mueller Water Products has a one year low of $22.01 and a one year high of $28.58.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Mueller Water Products had a net margin of 13.41% and a return on equity of 22.75%. The company had revenue of $380.80 million during the quarter, compared to analyst estimates of $362.32 million. During the same quarter last year, the business posted $0.22 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Mueller Water Products will post 1.24 EPS 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.