Mueller Water Products Supports Customers through Tough Times, Supporting Shareholders through Changes
Portfolio Pulse from Benzinga Insights
Mueller Water Products (NYSE:MWA) is distributing a dividend payout of $0.06 per share, demonstrating an annualized dividend yield of 1.53%. The company has seen a growth in its dividend per share from $0.21 to $0.23 from 2019 to 2022, but a decrease in earnings per share from $0.62 to $0.57. Kennametal (NYSE:KMT) has the highest annualized dividend yield at 3.03% among its industry peers.
August 21, 2023 | 3:05 pm
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POSITIVE IMPACT
Kennametal has the highest annualized dividend yield among its industry peers.
Kennametal's high annualized dividend yield could make it an attractive option for income-seeking investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Mueller Water Products is distributing a dividend payout, indicating a focus on shareholder returns despite a decrease in earnings per share.
The company's decision to distribute dividends despite a decrease in earnings per share indicates a commitment to shareholder returns. However, the decrease in earnings could potentially impact future dividend payouts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100