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Watts Water Technologies (WTS) will raise its quarterly dividend to $0.19 per share.

The dividend will be paid on June 16, 2017, to stockholders of record at the close of business on June 2, 2017.

This is the 5(th) consecutive year we have increased our dividend,” said Robert J. Pagano, Jr., Watts’ Chief Executive Officer and President. “The dividend is a part of our balanced capital deployment strategy and a result of our strong cash flow generation.”

Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts companies and brands offer innovative plumbing, heating, and water quality solutions for commercial, residential, and industrial applications.