SmarterDividends
MWA

Mueller Water Products, Inc.

MWA

Industrials · Specialty Industrial Machinery · Stock · quarterly payer

$21.77

Undervalued · +30% Add to Portfolio

Forward Yield

1.29%

Annual Dividend

$0.28

Payout Ratio

20%

5-Yr Growth

4.8%

Ex-Date

Aug 10, 2026

Frequency

Quarterly

Key facts about MWA's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Mueller Water Products, Inc. (MWA) has a forward dividend yield of 1.29%, based on an annual dividend of $0.28 per share and a share price of $21.77.
  • As of Oct 18, 2026, MWA's dividend safety grade from SmarterDividends is A (95 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Mueller Water Products, Inc. (MWA) has raised its dividend for 11 consecutive years as of Oct 18, 2026.
  • MWA has never cut its regular dividend in the payment history SmarterDividends has on record.
  • MWA's most recent ex-dividend date was Aug 10, 2026, for a dividend of $0.0700 per share.
  • As of Oct 18, 2026, MWA pays out 20% of its trailing 12-month earnings as dividends (its payout ratio).
  • MWA's dividend has grown at an average rate of 4.8% a year over the past five years.
  • As of Oct 18, 2026, MWA's 1.29% yield is 17% below its five-year average yield of 1.55%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MWA is $28.31 per share, 30% above the $21.77 share price, so MWA screens as undervalued.
  • Mueller Water Products, Inc. (MWA) pays its dividend quarterly, 4 times a year.
  • Mueller Water Products, Inc. (MWA) has raised its regular dividend 11 times and cut it 0 times across the 80 payments on record since 2006. Its most recent change was a 4.5% increase to $0.0700 per share, going ex-dividend on Nov 10, 2025.
Cite this page

SmarterDividends, "MWA Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MWA

Summary

As of Oct 18, 2026, Mueller Water Products, Inc. (MWA) yields 1.29% ($0.28 a year per share), has a dividend safety grade of A (95/100) and has 11 consecutive years of dividend increases on record.

Is MWA a good dividend stock?

Yes

Mueller Water Products, Inc. (MWA) pays a quarterly dividend yielding 1.29% ($0.28/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 11 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (20%)
  • 60% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
1.29%
Payout Ratio
20%
Annual Dividend
$0.28
5-Yr Avg Growth
4.8%
Ex-Dividend Date
Aug 10, 2026
Years of Growth
11
Frequency
quarterly
Beta
1.00
Market Cap
$3.4B
P/E Ratio
15.3
5-Yr Total Return
60%
52-Week Range
$20.90 – $31.00
Dividend Safety
A · 95/100
Ever Cut?
No

MWA dividend raises and cuts

Mueller Water Products, Inc. (MWA) has raised its regular dividend 11 times and cut it 0 times across the 80 payments on record since 2006. Its most recent change was a 4.5% increase to $0.0700 per share, going ex-dividend on Nov 10, 2025.

Ex-dateChangeOld → newMove
Nov 10, 2025Raise$0.0670 → $0.0700+4.5%
Nov 8, 2024Raise$0.0640 → $0.0670+4.7%
Nov 8, 2023Raise$0.0610 → $0.0640+4.9%
Nov 9, 2022Raise$0.0580 → $0.0610+5.2%
Nov 9, 2021Raise$0.0550 → $0.0580+5.5%
Nov 9, 2020Raise$0.0530 → $0.0550+3.8%
Aug 8, 2019Raise$0.0500 → $0.0530+6.0%
Feb 8, 2018Raise$0.0400 → $0.0500+25.0%
Feb 8, 2017Raise$0.0300 → $0.0400+33.3%
May 6, 2016Raise$0.0200 → $0.0300+50.0%
May 6, 2015Raise$0.0180 → $0.0200+11.1%
Every MWA payment →Download every raise and cut (CSV)
MWA ex-dividend date & scheduleNext ex-date Aug 10, 2026 · full ex-dividend historyView →MWA dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MWA a good dividend stock?

Yes. Mueller Water Products, Inc. (MWA) pays a quarterly dividend yielding 1.29% ($0.28/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is MWA undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MWA's fair value is about $28.31 versus a $21.77 share price — so it looks undervalued (+30% vs. fair value).

Is MWA's dividend safe?

MWA has a dividend-safety grade of A (95/100), based on its payout coverage, free-cash-flow, 11-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is MWA's fair value?

Our blended fair-value estimate for MWA is about $28.31 per share, roughly 30% above the current $21.77 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MWA a buy, hold, or sell?

We don't issue formal ratings, but on the data MWA screens as "yes" and undervalued. Mueller Water Products, Inc. (MWA) pays a quarterly dividend yielding 1.29% ($0.28/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will MWA cut its dividend?

MWA earns a dividend-safety grade of A (95/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MWA pay a dividend?

Yes. Mueller Water Products, Inc. pays a quarterly dividend of about $0.28 per share annually, a forward yield of roughly 1.29%.

What is MWA's dividend yield?

As of Oct 18, 2026, MWA's forward dividend yield is 1.29%, based on a $0.28 annual dividend and a $21.77 share price.

What is MWA's dividend per share?

As of Oct 18, 2026, MWA pays $0.28 per share per year, distributed on a quarterly basis.

What is MWA's dividend payout ratio?

As of Oct 18, 2026, MWA's payout ratio is 20% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MWA grown its dividend?

As of Oct 18, 2026, MWA has increased its dividend for 11 consecutive years.

When is the next MWA ex-dividend date?

As of Oct 18, 2026, MWA's next ex-dividend date hasn't been announced. The most recent was Aug 10, 2026, for $0.0700 per share.

Income Calculator

At $0.28 / yr per share

Per payment (quarterly)$7.00
Annual$28.00
Monthly avg$2.33

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