Mueller Water Products Boosts Buyback and Dividend

By Greg Peters • Friday, October 23 01:53 • Permanent Link

Mueller Water Products expanded its stock repurchase authorization by $300 million, lifting the total buyback capacity to $334.5 million from the prior level. The company also said it repurchased $30.5 million of its common stock in fiscal 2026, including $15.0 million in the fourth quarter ended Sept. 30, 2026.

At the same time, the board raised the quarterly dividend to $0.08 per share from $0.07, a 14.3% increase. The new dividend will be paid on or about Nov. 19, 2026, to shareholders of record as of Nov. 9, 2026. Following these announcements, the company's shares moved -0.59%, and are now trading at a price of $21.86. Check out the company's full 8-K submission here.

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