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Mueller Water Products (MWA) will raise its quarterly dividend by 25 percent to $0.05 per share in the first quarter of 2018. This follows a 33.3 percent dividend hike by MWA last year.

The new dividend yield for MWA is 1.4% and 2018 will mark the fourth consecutive year of dividend increases by the company.

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.