Mueller Water Products Expands Stock Repurchase Authorization by $300 Million and Increases Quarterly Dividend by 14.3%
Mueller Water Products’ Board approved a $300 million increase to its existing common stock repurchase authorization and declared a quarterly dividend of $0.08 per share, a 14.3% increase from the prior quarterly dividend.
Why it matters — The expanded repurchase authorization and higher dividend are company capital-allocation decisions relevant to MWA shareholders and observers.