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Mueller Water Products (MWA) will raise its quarterly dividend to $0.03 per share.

It's the second consecutive year of double digit dividend increases for Mueller, bringing the annual dividend payment to $12 mln.

The indicated dividend yield for Mueller Water Products currently is 1.2% based on Thursday's closing price of $9.88.

Mueller Water Products, Inc. is a water infrastructure company that manufactures and sells products and services used in the transmission, distribution and measurement of water in North America. Its product and service portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment.