Mueller Water Products adds up to $300M to buyback plan
The repurchase program allows several transaction methods but does not obligate Mueller to buy shares on any particular schedule.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Mueller Water Products, Inc. (MWA) declared a quarterly cash dividend of $0.08 per share, an approximately 14.3% increase from $0.07. It is payable on or about November 19, 2026, to stockholders of record on November 9, 2026. The board also authorized up to an additional $300 million for common-stock repurchases, effective immediately.
The expanded program provides approximately $334.5 million for repurchases, including approximately $34.5 million remaining under the authorization as of September 30, 2026. Repurchases may occur in open-market or privately negotiated transactions, through trading plans intended to qualify under Rule 10b5-1, accelerated share repurchase arrangements, tender offers, or other means. The company determines the amount and timing at its discretion, depending on market and business conditions, stock prices, and contractual limitations. The program does not require purchases of any particular amount or on any schedule and may be modified, suspended, or terminated at the company’s discretion.
Positive
- Minor pointQuarterly dividend increased approximately 14.3% to $0.08 per share.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Quarterly cash dividend: $0.08 per share
Dividend increase: Approximately 14.3%
Prior quarterly dividend: $0.07 per share
+5 more
8 metrics
Quarterly cash dividend
$0.08 per share
Declared October 22, 2026
Dividend increase
Approximately 14.3%
Compared with $0.07 per share
Prior quarterly dividend
$0.07 per share
Paid in the fourth quarter of fiscal 2026
Additional stock repurchase authorization
$300 million
Authorized October 22, 2026; effective immediately
Expanded repurchase authorization available
Approximately $334.5 million
After the additional authorization
Remaining existing repurchase authorization
Approximately $34.5 million
As of September 30, 2026
Common stock repurchased
$30.5 million
Fiscal 2026
Common stock repurchased
$15.0 million
Fourth quarter of fiscal 2026
Key Terms
Rule 10b5-1, accelerated share repurchase arrangements, tender offers
3 terms
Rule 10b5-1 regulatory
"trading plans intended to qualify under Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
tender offers financial
"accelerated share repurchase arrangements and tender offers"
A tender offer is a proposal by one company or individual to buy shares from existing owners of a company at a specified price within a certain time frame. It matters to investors because it can lead to changes in company ownership or control, potentially affecting the value of their investments. Essentially, it’s a way for someone to try to purchase a large portion of a company’s stock directly from shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What dividend did MWA declare, and when is it payable?
MWA declared a quarterly cash dividend of $0.08 per share, an approximately 14.3% increase from $0.07. It is payable on or about November 19, 2026, to stockholders of record on November 9, 2026.
How much did MWA add to its stock repurchase authorization?
The board authorized up to an additional $300 million, bringing the expanded program to approximately $334.5 million available for repurchases. Approximately $34.5 million remained under the existing authorization as of September 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): October 22, 2026
(Exact Name of Registrant as Specified in Its Charter)
| (State or Other Jurisdiction of Incorporation or Organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of Principal Executive Offices)
(Registrant’s telephone number, including area code)
Not Applicable.
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | ||||||||||||||
| Emerging growth company | ||||||||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | |||||||||||||
Item 8.01. Other Events.
Quarterly Dividend Increase
On October 22, 2026, the Board of Directors (“Board”) of Mueller Water Products, Inc. (the “Company”) declared a quarterly cash dividend of $0.080 per share, an increase of approximately 14.3% from $0.070 per share. The dividend will be paid on November 19, 2026, to stockholders of record on November 9, 2026.
Additional Share Repurchase Authorization
On October 22, 2026, the Board also authorized the repurchase of up to an additional $300 million of the Company’s common stock under its existing stock repurchase program, effective immediately. Based on the approximately $34.5 million remaining available under the existing authorization as of September 30, 2026, approximately $334.5 million is available for repurchases under the expanded stock repurchase program after giving effect to the increase.
Repurchases under the program may be made in the open market, in privately negotiated transactions or by other means, including through trading plans intended to qualify under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, accelerated share repurchase arrangements and tender offers, with the amount and timing of repurchases to be determined at the Company’s discretion, depending on market and business conditions, prevailing stock prices, and contractual limitations, among other factors. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, or at any specific time or intervals, and may be modified, suspended or terminated at any time at the Company’s discretion.
A copy of the press release issued October 22, 2026, announcing the dividend increase and increased stock repurchase authorization is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 | Press Release, dated October 22, 2026 | ||||
| 104 | The cover page of this Current Report on Form 8-K, formatted in Inline XBRL | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Mueller Water Products, Inc. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Dated: October 22, 2026 | MUELLER WATER PRODUCTS, INC. | |||||||||||||
| By: | /s/ Melissa Rasmussen | |||||||||||||
| Melissa Rasmussen | ||||||||||||||
| Senior Vice President and Chief Financial Officer | ||||||||||||||
MUELLER WATER PRODUCTS EXPANDS STOCK REPURCHASE AUTHORIZATION BY $300 MILLION AND INCREASES QUARTERLY DIVIDEND BY 14.3% ATLANTA, October 22, 2026 - Mueller Water Products, Inc. (NYSE: MWA), a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America, announced that its Board of Directors (the “Board”) has approved a $300 million increase to the existing common stock repurchase authorization. The Board also declared today a $0.08 per share quarterly dividend, a 14.3% increase compared with the prior quarterly dividend. “Our decision to increase the quarterly dividend and expand our share repurchase authorization reflects our confidence in Mueller’s strategy supported by the disciplined execution of the Mueller Operating System. With our strong balance sheet and ability to generate cash, we can continue investing in the business while returning capital to shareholders. The expanded authorization gives us added flexibility to repurchase shares opportunistically when we believe they are undervalued,” said Paul McAndrew, President and Chief Executive Officer of Mueller Water Products. $300 Million Stock Repurchase Authorization The Board increased the common stock repurchase program authorization by $300.0 million, bringing the total existing common stock repurchase authorization to $334.5 million, including the existing stock repurchase authorization. The Company repurchased $30.5 million of common stock in fiscal 2026, including $15.0 million in the fourth quarter ending September 30, 2026. Repurchases under the program may be made in the open market, in privately negotiated transactions or by other means, including through trading plans intended to qualify under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, accelerated share repurchase arrangements and tender offers, with the amount and timing of repurchases to be determined at the Company’s discretion, depending on market and business conditions, prevailing stock prices, and contractual limitations, among other factors. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, or at any specific time or intervals, and may be modified, suspended or terminated at any time at the Company’s discretion. Quarterly Dividend Increase The Board has declared a $0.08 per share quarterly dividend, representing a 14.3% increase from the $0.07 per share dividend paid in the fourth quarter of fiscal 2026. The dividend is payable on or about November 19, 2026, to stockholders of record as of the close of business on November 9, 2026.
Forward-Looking Statements This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the federal securities laws. These include statements regarding the Company’s strategy, execution, financial position, ability to generate cash, capital allocation priorities, the anticipated timing, amount and manner of repurchases under the Company’s stock repurchase program, the payment of the quarterly dividend and the Company’s ability to return capital to shareholders. Forward-looking statements are based on certain assumptions and assessments made by the Company in light of the Company’s experience and perception of historical trends, current conditions, and expected future developments. Actual results and the timing of events may differ materially from those contemplated by the forward-looking statements due to a number of factors. These factors include the Company’s ability to generate sufficient cash flow to fund its operations, investments in the business, dividends and share repurchases; changes in the market price of the Company’s common stock; general economic, market and business conditions; the availability of alternative uses of capital; contractual and legal limitations on the Company’s ability to pay dividends or repurchase shares; the Board’s discretion to modify, suspend or terminate the stock repurchase program or to change future dividend declarations; the Company’s ability to execute its strategy, including the Mueller Operating System, and the other factors described in the section entitled “RISK FACTORS” in Item 1A of the Company’s most recent Annual Report on Form 10-K and in later filings on Form 10-Q, as applicable. Forward-looking statements do not guarantee future performance and are only as of the date they are made. The Company undertakes no duty to update its forward-looking statements except as required by law. About Mueller Water Products, Inc. Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America. Our broad portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software that provides critical water system data. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure®. Visit us at www.muellerwaterproducts.com. Mueller refers to one or more of Mueller Water Products, Inc. (MWP), a Delaware corporation, and its subsidiaries. MWP and each of its subsidiaries are legally separate and independent entities when providing products and services. MWP does not provide products or services to third parties. MWP and each of its subsidiaries are liable only for their own acts and omissions and not those of each other. Investor Relations Contact: Whit Kincaid 770-206-4116 wkincaid@muellerwp.com Media Contact: Jenny Barabas 470-806-5771 jbarabas@muellerwp.com