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Today, February 20, 2024, marks an important moment for investors of Mueller Water Products (NYSE:MWA). The company will distribute a dividend payout of $0.06 per share, demonstrating an annualized dividend yield of 1.85%. Remember, only shareholders prior to the ex-dividend date on February 08, 2024 are eligible for this payout.
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-08 | 4 | $0.06 | 1.85% | 2024-01-25 | 2024-02-09 | 2024-02-20 |
| 2023-11-08 | 4 | $0.06 | 2.0% | 2023-10-24 | 2023-11-09 | 2023-11-20 |
| 2023-08-09 | 4 | $0.06 | 1.53% | 2023-07-26 | 2023-08-10 | 2023-08-21 |
| 2023-05-09 | 4 | $0.06 | 1.81% | 2023-04-25 | 2023-05-10 | 2023-05-22 |
| 2023-02-09 | 4 | $0.06 | 2.0% | 2023-01-27 | 2023-02-10 | 2023-02-21 |
| 2022-11-09 | 4 | $0.06 | 2.3% | 2022-10-21 | 2022-11-10 | 2022-11-21 |
| 2022-08-09 | 4 | $0.06 | 1.83% | 2022-07-27 | 2022-08-10 | 2022-08-22 |
| 2022-05-09 | 4 | $0.06 | 1.82% | 2022-04-22 | 2022-05-10 | 2022-05-20 |
| 2022-02-09 | 4 | $0.06 | 1.82% | 2022-01-27 | 2022-02-10 | 2022-02-21 |
| 2021-11-09 | 4 | $0.06 | 1.42% | 2021-10-22 | 2021-11-10 | 2021-11-22 |
| 2021-08-09 | 4 | $0.06 | 1.51% | 2021-07-29 | 2021-08-10 | 2021-08-20 |
| 2021-05-07 | 4 | $0.06 | 1.54% | 2021-04-23 | 2021-05-10 | 2021-05-20 |
When comparing Mueller Water Products's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Kennametal (NYSE:KMT) having the highest annualized dividend yield at 3.26%.
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.21 in 2020 to $0.24 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
From 2020 to 2023, Mueller Water Products experienced a growth in earnings per share, with an increase from $0.51 to $0.64. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
In this article, we explore the recent dividend payout of Mueller Water Products and its significance for shareholders. The company has decided to distribute a dividend of $0.06 per share today, which equates to an annualized dividend yield of 1.85%.
When comparing Mueller Water Products's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Kennametal having the highest annualized dividend yield at 3.26%.
With an increase in dividend per share and earnings per share from 2020 to 2023, Mueller Water Products demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[Click here](https://www.compensationrecovery.com/symbol//dividends) to find details on Mueller Water Products's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
