Muller Water Products will set a quarterly earnings per share of $0.067 per share on Investing.com.

ATLANTA – Mueller Water Products, Inc. (NYSE: NYSE: ), a leading player in the North American water infrastructure industry, announced its quarterly dividend. Stockholders of record on February 10, 2025 will be eligible for a distribution of $0.067 per share. The current dividend yield is 1.14%.

This move demonstrates the company’s continued commitment to delivering returns to its investors. Muller Water Products, with a market capitalization of $3.71 billion and annual revenue of $1.31 billion, is a leading manufacturer and marketer of products essential to water transmission, distribution and measurement. The company’s broad portfolio includes engineering valves, fire hydrants, pipe connection and repair products, measurement products and advanced solutions for leak detection and pipe condition assessment. They also offer pressure management products and software that provides essential information for water systems. InvestingPro’s analysis shows that the company maintains strong financial health with a current ratio of 3.33, showing strong liquidity.

Mueller Water Products is credited with helping municipalities increase operational efficiencies, improve customer service and strategically allocate capital expenditures. The company’s slogan, “Intelligence Meets Infrastructure®”, reflects its commitment to integrating smart technologies into vital water infrastructure. Get more detailed insights into Muller Water Products’ performance metrics and 12 additional protips in our comprehensive pro research report, exclusive to InvestingPro.

Headquartered in Atlanta, the company operates as Mueller Water Products, Inc., a Delaware corporation with subsidiaries. Each entity within the Muller Water Products family is independently responsible for its own business activities and obligations.

This dividend announcement is based on a press release from Muller Water Products. The information provided provides shareholders and potential investors with an understanding of the company’s financial distributions without indicating any broad industry trends and implications.

In other recent news, Mueller Water Products reported record revenue for fiscal 2024, with fourth-quarter net sales rising to $348.2 million, up 15.5% year-over-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 was a record $0.96, up 52% ​​from last year. In addition, the company’s adjusted EBITDA grew significantly by 30.9% to $72.5 million in the quarter.

Mueller Water Products also announced changes to the employment agreement of CEO Marita Edmonds Zakas, improving certain severance benefits. Zakas will maintain her current compensation structure, which includes an annual base salary of at least $900,000, an annual bonus of no less than 110 percent of her base salary, and no less than 333 percent of her annual base salary including long-term incentive opportunities.

TD Cowen upped their price target on shares of Muller Water Products to $23.00, up from their previous estimate of $20.00, while maintaining a hold rating on the stock. This adjustment reflects the sector’s multiples, according to TD Cowen’s analysis. Despite the positive revision to the price target, the company’s fiscal year 2025 EBITDA estimate for Mueller Water Products is lower than the company’s expected baseline growth guidance and is slightly lower than the previous model.

On the other hand, 3M Company (NYSE: ) posted an 18% increase in non-GAAP earnings per share and 1% organic revenue growth in the third quarter, which led to an upward revision of its full-year EPS guidance. However, 3M faces significant challenges, including a $3.6 billion legal settlement in the quarter and unresolved liabilities related to per- and polyfluoroalkyl substances (PFAS). Despite these potential headwinds, 3M maintains a positive outlook on strategies that focus on organic growth and strategic diversification.

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