Mueller Water Products (NYSE:MWA) Announces Quarterly Dividend of $0.07

Key Points

• Mueller Water Products declared a quarterly dividend of $0.07 per share, with a $0.27 annualized dividend and a yield of 1.10%, during the announcement made on July 30th.
• The company has a strong cash flow, with a payout ratio of 20.0%, indicating that earnings sufficiently cover the dividend obligations.
• Mueller's stock is currently rated as a "Hold" by analysts, with recent upgrades to a "Buy" rating from Wall Street Zen, alongside a consensus price target of $26.25.

Mueller Water Products (NYSE:MWA - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Tuesday, August 12th will be paid a dividend of 0.067 per share by the industrial products company on Thursday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 12th.

Mueller Water Products has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Mueller Water Products to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 19.9%.

Mueller Water Products Trading Down 2.1%

MWA stock traded down $0.53 during mid-day trading on Friday, reaching $24.23. The company had a trading volume of 1,475,125 shares, compared to its average volume of 1,248,570. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.79 and a quick ratio of 2.49. The company has a market capitalization of $3.80 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.18. The firm has a 50 day moving average of $24.43 and a 200 day moving average of $25.02. Mueller Water Products has a 12 month low of $18.55 and a 12 month high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Mueller Water Products had a net margin of 10.48% and a return on equity of 21.31%. The firm had revenue of $364.30 million for the quarter, compared to the consensus estimate of $352.30 million. During the same period last year, the firm earned $0.30 earnings per share. The company's quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $26.25.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.