Dividend Runner: Can MUELLER WATER PRODUCTS (NYSE:MWA) truly back claims of $0.03 dividends by Nov 21, 2016?

Dividend Runner: Can MUELLER WATER PRODUCTS (NYSE:MWA) truly back claims of $0.03 dividends by Nov 21, 2016?

MUELLER WATER PRODUCTS (NYSE:MWA) is expected to pay $0.03 on Nov 21, 2016. The indicated annual dividend is $0.12. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on MUELLER WATER PRODUCTS’s current price of $10.83, the dividend is 0.28%. This dividend’s record date is Nov 10, 2016 and the announcement date is Nov 1, 2016. The stock increased 2.27% or $0.24 on November 4, hitting $10.83. Mueller Water Products, Inc. (NYSE:MWA) has risen 12.58% since April 5, 2016 and is uptrending. It has outperformed by 10.62% the S&P500.

Mueller Water Products, Inc., is a manufacturer and marketer of services and products used in the transmission, distribution and measurement of water. The company has a market cap of $1.71 billion. The Company’s product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries. It has a 29.6 P/E ratio. The Firm operates through two divisions: Mueller Co. and Anvil.

Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.10, from 1.18 in 2016Q1. The ratio dropped, as 10 funds sold all Mueller Water Products, Inc. shares owned while 75 reduced positions. 38 funds bought stakes while 54 increased positions. They now own 135.44 million shares or 0.90% less from 136.66 million shares in 2016Q1.
Rbf Lc has invested 0.31% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA). Morgan Stanley has 0.01% invested in the company for 1.27M shares. Hsbc Holding Public Limited Co accumulated 12,655 shares or 0% of the stock. Patten Group holds 0% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA) for 12,060 shares. Moreover, Blackrock Institutional Tru Communication Na has 0.01% invested in Mueller Water Products, Inc. (NYSE:MWA) for 3.78 million shares. Millennium Management Limited Liability Corp reported 397,301 shares or 0.01% of all its holdings. Marathon Prns Equity Management Limited Liability Corp last reported 570,000 shares in the company. Evercore Wealth Mngmt Ltd Liability, a New York-based fund reported 1,500 shares. Franklin Inc accumulated 0.02% or 2.83M shares. The Minnesota-based Ameriprise Fincl has invested 0% in Mueller Water Products, Inc. (NYSE:MWA). Electron Cap Prns Limited holds 986,285 shares or 2.78% of its portfolio. Schroder Investment Mgmt Grp Inc accumulated 447,280 shares or 0.01% of the stock. D E Shaw Inc owns 20,803 shares or 0% of their US portfolio. Rs Inv Llc holds 0.16% or 1.37M shares in its portfolio. Moreover, First Interstate Bank has 0% invested in Mueller Water Products, Inc. (NYSE:MWA) for 1,771 shares.

Mueller Water Products, Inc. (NYSE:MWA) Ratings Coverage

Out of 4 analysts covering Mueller Water Products (NYSE:MWA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Mueller Water Products has been the topic of 7 analyst reports since January 12, 2016 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of MWA in a report on Thursday, April 28 with “Outperform” rating. The firm earned “Buy” rating on Wednesday, October 12 by Northcoast. The company was maintained on Thursday, April 28 by Wedbush. The company was maintained on Friday, August 5 by DA Davidson.

More notable recent Mueller Water Products, Inc. (NYSE:MWA) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Terex, Matson and Mueller Water Products” on November 04, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Norfolk Southern, Mueller Water Products and Standex …” published on August 02, 2016, Globenewswire.com published: “Mueller Water Products Announces Quarterly Dividend” on October 31, 2016. More interesting news about Mueller Water Products, Inc. (NYSE:MWA) were released by: Seekingalpha.com and their article: “Mueller Water Products: An Overlooked, Undervalued Industry Leader” published on June 14, 2016 as well as Prnewswire.com‘s news article titled: “How These Industrials Stocks are Faring? — Pentair, Mueller Water Products …” with publication date: August 19, 2016.

MWA Company Profile

Mueller Water Products, Inc., incorporated on September 22, 2005, is a maker and marketer of services and products used in the transmission, distribution and measurement of water in North America. The Firm operates through three divisions: Mueller Co., Anvil and Mueller Technologies. The Mueller Co. segment makes valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants. The Anvil segment makes and sources a range of products, including a range of fittings, couplings, hangers and related products. The Mueller Technologies segment offers metering, leak detection, pipe condition assessment and other services and products for the water infrastructure industry. The Mueller Technologies segment includes Mueller Systems and Echologics. It offers a range of water infrastructure, flow control and piping component system services and products in the United States and Canada. The Company’s services and products are used by municipalities, and the residential and non-residential construction industries. The Company’s subsidiaries include Mueller Co., Anvil and Mueller Technologies.

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