Mueller Water Products Inc. Plans Quarterly Dividend of $0.02 (MWA)
Mueller Water Products (NYSE:MWA) announced a quarterly dividend on Wednesday, January 29th, Analyst Ratings News reports. Investors of record on Monday, February 10th will be paid a dividend of 0.0175 per share on Thursday, February 20th. This represents a $0.07 annualized dividend and a dividend yield of 0.82%.
MWA has been the subject of a number of recent research reports. Analysts at Macquarie reiterated an “outperform” rating on shares of Mueller Water Products in a research note to investors on Thursday, December 26th. They now have a $26.00 price target on the stock. On a related note, analysts at Cowen and Company initiated coverage on shares of Mueller Water Products in a research note to investors on Tuesday, November 19th. They set a “market perform” rating and a $8.40 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Mueller Water Products from a “sell” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $9.00 price target on the stock, up previously from $6.40. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $11.18.
Shares of Mueller Water Products (NYSE:MWA) traded up 2.33% during mid-day trading on Thursday, hitting $8.78. 1,119,172 shares of the company’s stock traded hands. Mueller Water Products has a one year low of $5.37 and a one year high of $9.44. The stock’s 50-day moving average is $8.96 and its 200-day moving average is $8.27. The company has a market cap of $1.390 billion and a price-to-earnings ratio of 33.78.
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water.
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