Mueller Water Products (MWA) will raise its quarterly dividend by 4.8 percent to 5.5 cents quarterly per share in 2020. This comes after a 5.0 percent increase to $0.0525 per share in 2019 and marks six straight years of higher dividends paid.

The next dividend is payable on or about November 20, 2020 to stockholders of record as of the close of business on November 10, 2020. A new annual rate of 22 cents per share yields 2.0% at a stock price of $11.11.

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.