Mueller Water Products Announces Quarterly Dividend

Rhea-AI Summary

Mueller Water Products (NYSE: MWA) has announced a quarterly dividend of 6.10 cents ($0.061) per share, set to be paid on May 22, 2023. Stockholders must be on record by the close of business on May 10, 2023. As a leading manufacturer in the water infrastructure industry in North America, Mueller provides a diverse range of products and services that enhance operational efficiency for municipalities. This dividend declaration reflects the company’s commitment to returning value to its shareholders while supporting water system management.

Positive

• Quarterly dividend of 6.10 cents per share boosts shareholder income.
• Demonstrates company confidence in financial stability and commitment to shareholders.

Negative

• None.

ATLANTA, April 25, 2023 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced that its Board of Directors has declared a quarterly dividend of 6.10 cents ($0.061) per share, payable on or about May 22, 2023, to stockholders of record as of the close of business on May 10, 2023.

About Mueller Water Products, Inc.

Mueller Water Products, Inc. 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, pipe condition assessment, pressure management products, and software technology that provides critical water system data.  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. (MWP), a Delaware corporation, 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.  Mueller brands include Mueller^®, Echologics^®, Hydro Gate^®, Hydro-Guard^®, HYMAX^®, i2O^®, Jones^®, Krausz^®, Mi.Net^®, Milliken^®, Pratt^®, Pratt Industrial^®, Sentryx™, Singer^®, and U.S. Pipe Valve & Hydrant.  Please see muellerwp.com/brands to learn more.

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

Media Contact: Robin Keegan
770-206-4152
rkeegan@muellerwp.com

FAQ

What is the dividend amount declared by Mueller Water Products (MWA)?

Mueller Water Products has declared a quarterly dividend of 6.10 cents ($0.061) per share.

When will the dividend be paid to shareholders of Mueller Water Products (MWA)?

The dividend will be paid on May 22, 2023.

What is the record date for the dividend payment of Mueller Water Products (MWA)?

The record date for the dividend payment is May 10, 2023.

Is the dividend from Mueller Water Products (MWA) sustainable?

While the press release does not provide specific sustainability details, the declaration of a dividend indicates ongoing confidence in the company's financial health.