ATLANTA – Mueller Water Products, Inc. (NYSE: NYSE: ), a prominent player in the North American water infrastructure industry, announced the announcement of a quarterly dividend. Stockholders of record by February 10, 2025 will be entitled to a dividend of $0.067 per share, which is scheduled to be distributed on or about February 21, 2025. InvestingPro according to the data, the company has maintained its dividend payments for 19 consecutive years, with a current annual dividend yield of 1.14%.
The move reflects the company’s continued commitment to delivering returns to its investors. Mueller Water Products, with a market capitalization of $3.71 billion and annual revenue of $1.31 billion, has established itself as a key manufacturer and marketer of products essential to water transmission, distribution and metering. The company’s extensive portfolio consists of engineered valves, fire hydrants, pipe joining and repair products, measurement products and advanced solutions for leak detection and pipe condition assessment. In addition, they offer pressure management products and software that deliver vital data for plumbing systems. InvestingPro analysis shows that the company maintains strong financial health with a current ratio of 3.33, indicating strong liquidity.
Mueller Water Products is recognized for helping municipalities improve operational efficiency, improve customer service and strategically allocate capital expenditures. The company’s tagline, “Where Intelligence Meets Infrastructure®,” underscores its commitment to integrating smart technologies into basic water infrastructure. Discover more detailed insights and 12 additional expert tips on Mueller Water Products’ performance metrics in the comprehensive Pro Research Report, available exclusively at InvestingPro.
The company, headquartered in Atlanta, operates under the legal structure of Mueller Water Products, Inc., a Delaware corporation, together with its subsidiaries. Each entity within the Mueller Water Products family is independently responsible for its own business activities and obligations.
This dividend announcement is based on a press release from Mueller Water Products. The information provided offers shareholders and potential investors insight into the company’s financial allocation without suggesting any wider industry trends or implications.
In other recent news, Mueller Water Products reported record earnings for fiscal 2024, with fourth-quarter net sales climbing to $348.2 million, a 15.5% year-over-year increase. For the full year, the company’s consolidated net sales exceeded $1.3 billion, driven by strong demand and improved customer service. Adjusted net income per share reached a record high of $0.96, up 52% year-over-year. Additionally, the company’s adjusted EBITDA for the quarter increased significantly by 30.9% to $72.5 million.
Mueller Water Products also announced changes to the employment contract of its CEO, Mariette Edmunds Zakas, changing certain severance benefits. Zakas will retain her current compensation structure, including an annual base salary of at least $900,000, a target annual bonus of at least 110% of her base salary and a target annual long-term incentive opportunity of at least 333% of her base salary.
TD Cowen raised their target price on shares of Mueller Water Products to $23.00, up from $20.00 previously, while maintaining a hold rating on the stock. This adjustment reflects sector multipliers, according to TD Cowen analysis. Despite the positive price target adjustment, the company’s FY2025 EBITDA estimate for Mueller Water Products is slightly lower compared to the previous model due to the company’s lower-than-expected initial growth guidance.
On the other hand, 3M Company (NYSE: ) reported an 18% rise in non-GAAP earnings per share and 1% organic revenue growth in the third quarter, leading to an upward revision of full-year earnings per share guidance. However, 3M faces significant challenges, including a $3.6 billion legal settlement paid during the quarter and outstanding liabilities related to per- and polyfluoroalkyl substances (PFAS). Despite these potential headwinds, 3M maintains a positive outlook with strategies focused on organic growth and strategic divestitures.
This article was generated with the help of AI and reviewed by an editor. See our T&C for more information.
