Today, August 21, 2023, marks an important moment for investors of Mueller Water Products MWA. The company will distribute a dividend payout of $0.06 per share, demonstrating an annualized dividend yield of 1.53%. Remember, only shareholders prior to the ex-dividend date on August 09, 2023 are eligible for this payout.
Mueller Water Products Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2021-02-09 | 4 | $0.06 | 1.79% | 2021-01-27 | 2021-02-10 | 2021-02-22 |
| 2020-11-09 | 4 | $0.06 | 1.99% | 2020-10-23 | 2020-11-10 | 2020-11-20 |
In terms of dividend yield, Mueller Water Products finds itself in the middle ground among its industry peers, while Kennametal KMT takes the lead with the highest annualized dividend yield at 3.03%.
Analyzing Mueller Water Products Financial Health
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.
YoY Growth in Dividend Per Share
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.21 to $0.23, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Mueller Water Products
From 2019 to 2022, Mueller Water Products experienced a decrease in earnings per share, dropping from $0.62 to $0.57. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
This article provides an in-depth analysis of Mueller Water Products's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.06 per share, resulting in an annualized dividend yield of 1.53%.
In terms of dividend yield, Mueller Water Products finds itself in the middle ground among its industry peers, while Kennametal takes the lead with the highest annualized dividend yield at 3.03%.
Considering the increase in dividend per share from 2019 to 2022 alongside a decrease in earnings per share, Mueller Water Products appears to be focusing on maintaining dividend payments even with a decline in profitability.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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