Watts Water Technologies (WTS) will raise its quarterly dividend by 9.5 percent to $0.23 per share in the second quarter of 2019. Last year the dividend was raised by 10.5 percent.

The next dividend will be paid on June 14, 2019 to stockholders of record at the close of business on May 31, 2019. A new annual rate of 92 cents per share yields 1.1% at a stock price of $85.18.

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.