ATLANTA – Mueller Water Products, Inc. (NYSE: NYSE:), a prominent player in the water infrastructure industry in North America, announced the declaration of a quarterly dividend. Shareholders of record on February 10, 2025, will be eligible for a dividend of $0.067 per share, scheduled for distribution on or about February 21, 2025. According to InvestingPro data, the company has continued to pay dividends for 19 consecutive years, with a current annual dividend yield of 1.14%.

This move reflects the company’s continued commitment to providing 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 an important manufacturer and marketer of products required for transmission, distribution, and metering. in the water. The company’s extensive portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, and advanced solutions for leak detection and pipe condition assessment. In addition, they offer pressure management products and software that provide valuable data for water systems. InvestingPro The 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 efficiencies, improve customer service, and strategically allocate capital expenditures. The company’s slogan, “Where Intelligence Meets Infrastructure®,” highlights its dedication to integrating smart technologies into critical water infrastructure. Discover more detailed insights and 12 additional ProTips about Mueller Water Products’ performance metrics in the comprehensive Pro Research Report, available only at InvestingPro.

The company, headquartered in Atlanta, operates under the legal structure of Mueller Water Products, Inc., a Delaware corporation, along 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 distributions without suggesting any wider industry trends or implications.

In other recent news, Mueller Water Products reported record revenues for fiscal year 2024, with fourth-quarter net sales rising to $348.2 million, a 15.5% year-over-year increase. -of-the-year. 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% ​​from last 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 agreement of its CEO, Marietta Edmunds Zakas, which changes certain severance benefits. Zakas will maintain his current compensation structure, including an annual base salary of at least $900,000, a target annual bonus of no less than 110% of his base salary, and a target annual which is a long-term incentive opportunity that is not less than 333% of his base salary.

TD Cowen raised its price target on shares of Mueller Water Products to $23.00, from $20.00 previously, while maintaining a Hold rating on the stock. This adjustment reflects the sector’s multiples, according to TD Cowen’s analysis. Despite the positive price target adjustment, the company’s EBITDA estimate for fiscal year 2025 for Mueller Water Products is slightly lower compared to the previous model due to a lower than expected which is the initial growth guide provided by the company.

Meanwhile, 3M Company (NYSE: ) reported an 18% increase in non-GAAP earnings per share and 1% organic revenue growth in the third quarter, leading to an upward revision of full-year guidance. in EPS. However, 3M faces several challenges, including a $3.6 billion legal settlement paid in the quarter and unresolved 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.

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