Ex-Dividend Date Insight: Mueller Water Products

Mueller Water Products MWA declared a dividend payable on August 20, 2021 to its shareholders as of July 29, 2021. It was also announced that shareholders of Mueller Water Products's stock as of August 10, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Mueller Water Products has an ex-dividend date set for for August 9, 2021. The company's current dividend payout is $0.06, which equates to a dividend yield of 1.51% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Mueller Water Products's Dividend Payouts And Yields

Over the past year, Mueller Water Products has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on August 7, 2020 the company's payout was $0.05, which has returned to its value today. Mueller Water Products's dividend yield last year was 2.1%, which has since decreased by 0.59%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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