The highest dividend yield for Mueller Water Products was $0.067 per share by Investing.com.

ATLANTA – Mueller Water Products, Inc. (NYSE: NYSE: ), a leading player in the North American water services industry, announced its quarterly earnings announcement. Shareholders of record before February 10, 2025, will be awarded a dividend of $0.067 per share, scheduled to be distributed on or about February 21, 2025. According InvestingPro data, the company has maintained dividend payments for 19 consecutive years, and the current annual dividend yield is 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 leading manufacturer and supplier of critical products for water transmission, distribution and measurement. The company’s extensive portfolio includes engineered valves, fire hydrants, connecting pipes and repair products, metering products, and advanced solutions for leak detection and check the condition of the pipes. In addition, they offer pressure control products and software that provide critical information for water systems. InvestingPro analysis shows the company maintains a healthy financial health with a current ratio of 3.33, which indicates a high liquidity.

Mueller Water Products is recognized for helping municipalities improve operational efficiency, improve customer service, and deliver cost savings. The company’s slogan, “Where Intelligence Meets Infrastructure®,” highlights its dedication to integrating intelligent technologies into water infrastructure. Get more detailed information and 12 ProTips on Mueller Water Products’ performance metrics in the full 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 commitments.

This earnings announcement is based on a press release from Mueller Water Products. The information provided provides shareholders and potential investors with insight into the company’s financial performance without implying industry trends or implications.

In other recent news, Mueller Water Products reported record earnings for fiscal year 2024, and fourth-quarter sales rose to $348.2 million, a 15.5% year-over-year increase. For the full year, the company’s consolidated sales exceeded $1.3 billion, driven by strong demand and improved customer service. Adjusted earnings per share reached a record high of $0.96, up 52% ​​from last year. Additionally, the company’s adjusted EBITDA for the quarter grew significantly by 30.9% to $72.5 million.

Mueller Water Products also announced changes to the employment agreement of its CEO, Marietta Edmunds Zakas, to modify certain retirement benefits. Zakas will maintain his current compensation structure, including an annual salary of at least $900,000, an annual bonus of no less than 110% of his base salary, and an annual bonus of long-term incentive not less than 333% of his. basic salary.

TD Cowen raised their price objective on shares of Mueller Water Products to $23.00, from $20.00 previously, while maintaining a Hold rating on the stock. This change reflects many aspects of the sector, according to TD Cowen analysis. Despite the positive change in price target, the firm’s EBITDA estimate for fiscal year 2025 for Mueller Water Products is slightly lower compared to the previous model due to lower guidance than which was previously expected to be provided by the company.

In contrast, 3M Company (NYSE: ) reported an 18% increase in non-GAAP earnings and 1% revenue growth in the third quarter, leading to an upward revision to its full-year guidance of EPS. However, 3M is facing major challenges, including a $3.6 billion legal settlement due in the quarter and unresolved debts related to per- and polyfluoroalkyl substances (PFAS). Despite these potential headwinds, 3M maintains a positive outlook with strategies focused on organic growth and diversification strategies.

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