Mueller Water Products, Inc. (MWA) Raises Quarterly Dividend 50% to $0.03; 1.2% Yield
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Mueller Water Products, Inc. (NYSE: MWA) declared a quarterly dividend of $0.03 per share, or $0.12 annualized. This is a 50% increase from the prior dividend of $0.02.
The dividend will be payable on May 20, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016.
The annual yield on the dividend is 1.2 percent.
“We are increasing our dividend as part of a disciplined capital allocation strategy that seeks to enhance the value delivered to our stockholders,” said Gregory E. Hyland, chairman, president and chief executive officer. “The increase reflects our continued confidence in the Company’s strong financial position and growth prospects.”
For a dividend history and other dividend-related data on Mueller Water Products, Inc. (MWA) click here.
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