Mueller Water Products (MWA) will raise its quarterly dividend by 5.0 percent to $0.0525 per share in 2019. This follows last year's 25.0 percent dividend hike to five cents per share quarterly.

The next dividend is payable on or about August 20, 2019 to stockholders of record as of the close of business on August 9, 2019. A new annual rate of 21 cents per share yields 2.1% at a stock price of $10.10.

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.