Mueller Water Products, Inc. (MWA) Raises Quarterly Dividend 50% to $0.03; 1.2% Yield

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Go back to Mueller Water Products, Inc. (MWA) Raises Quarterly Dividend 50% to $0.03; 1.2% Yield

Mueller Water Products Increases Quarterly Dividend

March 31, 2016 5:51 PM EDT

ATLANTA, March 31, 2016 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced that its Board of Directors has declared a quarterly dividend of three cents ($0.03) per share, payable on or about May 20, 2016, to stockholders of record as of the close of business on May 10, 2016. The dividend represents a 50 percent increase from the previous quarters dividend of $0.02 per share.

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... More