Watts Water Technologies, Inc. (NYSE:WTS) Announces Quarterly Dividend of $0.63

Key Points

• $0.63 quarterly dividend declared, with an ex‑dividend and record date of June 1 and payable on June 15, implying an annualized yield of about 0.9%.
• The dividend appears well covered and consistent: Watts has increased dividends for 13 consecutive years and currently has a payout ratio of ~21%, while analysts expect continued strong EPS (~$12.7 consensus).
• Watts recently beat quarterly estimates (EPS $2.62 vs $2.36 expected; revenue $625.1M vs $610.4M), with revenue up 15.7% year‑over‑year, indicating solid operating performance.

Watts Water Technologies, Inc. (NYSE:WTS - Get Free Report) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Monday, June 1st will be given a dividend of 0.63 per share by the technology company on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, June 1st.

Watts Water Technologies has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Watts Water Technologies has a payout ratio of 21.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Watts Water Technologies to earn $12.71 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 16.4%.

Watts Water Technologies Price Performance

WTS stock opened at $290.22 on Tuesday. The company has a market capitalization of $9.68 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 2.67 and a beta of 1.20. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.49 and a current ratio of 2.51. Watts Water Technologies has a 52-week low of $209.85 and a 52-week high of $345.17. The business has a 50-day simple moving average of $303.67 and a two-hundred day simple moving average of $292.37.

Watts Water Technologies (NYSE:WTS - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.26. The business had revenue of $625.10 million during the quarter, compared to the consensus estimate of $610.40 million. Watts Water Technologies had a return on equity of 18.55% and a net margin of 13.98%.The company's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 EPS. Research analysts expect that Watts Water Technologies will post 11.62 EPS for the current fiscal year.

About Watts Water Technologies

Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.

The company's product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.

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