Trailing Dividend / Share
$0.27
Mueller Water Products, Inc. (MWA) Dividend History
Income profile from 2006 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
1.1%
Payout Ratio
21.9%
Sustainable
Dividend Streak
11 years
MWA Dividend Income Check
Safety
21.9% payout ratio with sustainable safety profile.
Consistency
11 straight years of dividend increases.
Income Trend
Yield on cost is 2.2% and trend is rising.
MWA Dividend Scorecard
Yield & Income
Dividend Yield1.1%
Trailing DPS$0.27
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout21.9%
Earnings SafetySustainable
FCF Payout24.4%
FCF SafetyWell Covered
Piotroski F-Score7/9
Growth
Growth Streak11 years
3Y CAGR4.9%
5Y CAGR5.0%
Yield on Cost (5Y)2.2%
YOC Trendrising
Total Returns
Buyback Yield0.4%
Total Shareholder Yield1.4%
1Y Total Return4.0%
5Y Total Return78.6%
Div Contribution (5Y)8.6%
Estimated $10K growth (return + dividends):
5Y ago$19,86610Y ago$26,53220Y ago$16,656
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
MWA Income Growth Story
Dividend per share and yield on cost over time (21 years of payments)
MWA Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Mueller Water Products, Inc. distributes 21.9% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 24.4%, rated "Well Covered".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
MWA has raised its dividend for 11 consecutive years, with a 3-year CAGR of 4.9% and 5-year CAGR of 5.0%.
Total Shareholder Returns
Beyond cash dividends, MWA returns capital through share repurchases. The combined picture: 1.1% dividend yield, 0.4% buyback yield, 1.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 2.2% and is currently rising. The 5-year total return is 78.6%, with dividends contributing 8.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $26,532 today.
MWA Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$1.27
Avg/Payment$0.0633
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 11, 2026Latest | $0.0700 | — | 1.07% | May 20, 2026 |
| Feb 10, 2026 | $0.0700 | — | 93.04% | Feb 20, 2026 |
| Nov 10, 2025 | $0.0700 | ↑ +4.5% | 1.13% | Nov 20, 2025 |
| Aug 12, 2025 | $0.0670 | — | 99.55% | Aug 21, 2025 |
| May 12, 2025 | $0.0670 | — | 1.04% | May 21, 2025 |
| Feb 10, 2025 | $0.0670 | — | 97.40% | Feb 21, 2025 |
| Nov 8, 2024 | $0.0670 | ↑ +4.7% | 1.01% | Nov 20, 2024 |
| Aug 9, 2024 | $0.0640 | — | 1.29% | Aug 20, 2024 |
MWA Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
1.1%
#5 of 9
Safety
Sustainable
21.9% payout
Streak
11Y
5.0% 5Y CAGR
Total Shareholder
1.4%
#8 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| MWAMueller Water Produc… | $3.9B | 1.1% | 21.9% | 11 | Sustainable |
1st  NWNNorthwest Natural Ho… | $2.1B | 3.8% | 68.2% | 24 | Watch |
2nd  AWKAmerican Water Works… | $26.3B | 2.4% | 57.0% | 18 | Sustainable |
 FELEFranklin Electric Co… | $4.5B | 1.1% | 34.0% | 32 | Sustainable |
 GFFGriffon Corporation | $4.2B | 0.9% | 77.7% | 15 | Watch |
 VMIValmont Industries, … | $10.5B | 0.5% | 15.0% | 1 | Sustainable |
3rd  ATKRAtkore Inc. | $2.3B | 1.9% | — | 2 | Unknown |
 NVTnVent Electric plc | $24.8B | 0.5% | 18.4% | 2 | Sustainable |
 PRIMPrimoris Services Co… | $4.7B | 0.4% | 6.3% | 2 | Sustainable |
MWA Annual Dividend History (2006–2026)
21 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.14 | — | 2 | — | — | — | 1.2% |
| 2025 | $0.27 | 4.6% | 4 | $1.22 | 22.2% | 4.50x | 2.2% |
| 2024 | $0.26 | 4.9% | 4 | $0.74 | 35.0% | 2.86x | 2.1% |
| 2023 | $0.25 | 5.1% | 4 | $0.55 | 44.9% | 2.23x | 2.0% |
| 2022 | $0.24 | 5.4% | 4 | $0.48 | 49.0% | 2.04x | 1.9% |
| 2021 | $0.22 | 4.9% | 4 | $0.44 | 50.7% | 1.97x | 1.8% |
| 2020 | $0.21 | 3.7% | 4 | $0.45 | 47.2% | 2.12x | 1.8% |
| 2019 | $0.20 | 2.5% | 4 | $0.40 | 51.2% | 1.95x | 1.7% |
| 2018 | $0.20 | 25.0% | 4 | $0.66 | 30.3% | 3.30x | 1.7% |
| 2017 | $0.16 | 45.5% | 4 | $0.76 | 21.1% | 4.75x | 1.3% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
20+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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MWA — Frequently Asked Questions
Quick answers to the most common questions about buying MWA stock.
How much dividend does MWA pay per share?
Mueller Water Products, Inc. (MWA) pays a trailing 12-month dividend of $0.27 per share, with a current dividend yield of +1.1%. Payments are made Semi-Annual.
When is MWA's next ex-dividend date?
MWA's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MWA typically pays dividends Semi-Annual.
Is MWA's dividend safe?
MWA's dividend safety is rated "Sustainable" based on an earnings payout ratio of +21.9% and FCF payout ratio of +24.4%. With 11 consecutive years of dividend growth, the track record supports sustainability.
Is MWA a Dividend Achiever?
Yes, Mueller Water Products, Inc. is classified as a Dividend Achiever with 11 consecutive years of dividend increases. The 5-year dividend CAGR is +5.0%, demonstrating modest dividend growth.
How often does MWA pay dividends?
Mueller Water Products, Inc. pays dividends Semi-Annual. The trailing 12-month total is $0.27 per share. Dividend data on this page covers 20+ years from 2006 to 2026.
How much would $10,000 invested in MWA grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MWA five years ago would be worth approximately $19,866 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MWA's yield on cost for long-term holders?
MWA's yield on cost — the current dividend divided by the original purchase price — is +2.2% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +1.1% market yield, thanks to consistent dividend growth.