Mueller Water Products, Inc. (NYSE:MWA) Declares Quarterly Dividend of $0.05

Mueller Water Products, Inc. (NYSE:MWA) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Shareholders of record on Monday, August 10th will be paid a dividend of 0.052 per share by the industrial products company on Thursday, August 20th. This represents a $0.21 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, August 7th.

Mueller Water Products has raised its dividend payment by an average of 86.4% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Mueller Water Products has a dividend payout ratio of 51.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Mueller Water Products to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 42.0%.

Mueller Water Products stock traded down $0.16 during trading hours on Friday, reaching $10.00. 13,703 shares of the company were exchanged, compared to its average volume of 581,774. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 2.45 and a beta of 1.32. The company has a current ratio of 3.87, a quick ratio of 2.35 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average of $9.43 and a 200 day moving average of $9.87. Mueller Water Products has a 12 month low of $6.64 and a 12 month high of $12.71.

Mueller Water Products (NYSE:MWA) last announced its earnings results on Monday, May 4th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $257.70 million during the quarter, compared to analysts’ expectations of $240.67 million. Mueller Water Products had a return on equity of 17.67% and a net margin of 10.68%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. As a group, research analysts forecast that Mueller Water Products will post 0.42 EPS for the current year.

A number of equities research analysts have issued reports on MWA shares. Nomura reaffirmed a “buy” rating and set a $11.00 target price on shares of Mueller Water Products in a research report on Thursday, April 23rd. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Tuesday, July 21st. Goldman Sachs Group upgraded Mueller Water Products from a “sell” rating to a “neutral” rating in a report on Sunday, April 19th. Nomura Securities upped their price target on Mueller Water Products from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Robert W. Baird upped their price target on Mueller Water Products from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Mueller Water Products presently has an average rating of “Hold” and an average target price of $11.00.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

Featured Article: What economic reports are most valuable to investors?

Dividend History for Mueller Water Products (NYSE:MWA)

Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.