Mueller Water Products Announces Quarterly Dividend

Rhea-AI Summary

Mueller Water Products (NYSE: MWA) announced an increase in its quarterly dividend from 5.25 cents to 5.50 cents per share. The dividend is payable on or about November 20, 2020, to stockholders of record as of the close of business on November 10, 2020. This increase reflects the company's commitment to returning value to shareholders while maintaining a strong financial position. Mueller Water Products provides a wide range of products and services for water transmission and distribution in North America, ensuring efficient operations for municipalities.

Positive

• Quarterly dividend increased from 5.25 cents to 5.50 cents per share.
• Dividend payable on November 20, 2020, demonstrating a commitment to shareholder returns.

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• None.

ATLANTA, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced that its Board of Directors has declared an increase to the Company’s quarterly dividend to 5.50 cents ($0.055) per share, from 5.25 cents per share, payable on or about November 20, 2020, to stockholders of record as of the close of business on November 10, 2020.

About Mueller Water Products, Inc.
Mueller Water Products, Inc. (NYSE: MWA) is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America.  Our broad product and service portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, and pipe condition assessment. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure^®. Visit us at www.muellerwaterproducts.com.

Mueller refers to one or more of Mueller Water Products, Inc., a Delaware corporation (“MWP”), and its subsidiaries. MWP and each of its subsidiaries are legally separate and independent entities when providing products and services. MWP does not provide products or services to third parties. MWP and each of its subsidiaries are liable only for their own acts and omissions and not those of each other. MWP brands include Mueller^®, Echologics^®, Hydro Gate^®, Hydro-Guard®, HYMAX^®, Jones^®, Krausz^®, Mi.Net^®, Milliken^®, Pratt^®, Pratt Industrial^®, Singer^®, and U.S. Pipe Valve & Hydrant.  Please see muellerwp.com/brands and krauszusa.com to learn more.

Investor Relations Contact: Whit Kincaid
770-206-4116
wkincaid@muellerwp.com

Media Contact: Yolanda Kokayi
770-206-4131
ykokayi@muellerwp.com

FAQ

What is the new dividend amount for Mueller Water Products (MWA)?

The new dividend amount is 5.50 cents ($0.055) per share.

When will the dividend be paid for MWA?

The dividend will be paid on or about November 20, 2020.

What is the record date for the MWA dividend?

The record date for the dividend is November 10, 2020.

How often does Mueller Water Products (MWA) pay dividends?

Mueller Water Products pays dividends quarterly.

What does the dividend increase for MWA signify?

The dividend increase signifies the company's confidence in its financial stability and commitment to returning value to shareholders.