22:24 | 27.10.2010
Mueller Water Products Announces Quarterly Dividend and Date for Annual Meeting of Stockholders
Mueller Water Products, Inc. (NYSE: MWA) announced that its Board of
Directors declared a quarterly dividend of 1.75 cents ($0.0175) per
share, payable November 22, 2010 to stockholders of record at the close
of business on November 10, 2010.
The Company also announced that its Annual Meeting of Stockholders will
be held on January 26, 2011 at 10:00 a.m. in Atlanta, Georgia. The Board
of Directors has established November 29, 2010 as the record date for
the Annual Meeting of Stockholders, and all holders of record as of that
date will be entitled to vote at the meeting.
Safe Harbor Statement
This press release contains certain statements that may be deemed
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements that address
activities, events or developments that the Company intends, expects,
plans, projects, believes or anticipates will or may occur in the future
are forward-looking statements. Examples of forward-looking statements
include, but are not limited to, statements the Company makes regarding
general economic conditions, spending by municipalities, the outlook for
the residential and non-residential construction markets, improvements
related to capacity utilization, the recovery, if any, of our end
markets, and the potential effect of the refinancing on the Company’s
operations, and the impact of these factors on our businesses.
Forward-looking statements are based on certain assumptions and
assessments made by the Company in light of its 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, including regional, national or global
political, economic, business, competitive, market and regulatory
conditions and the following:
the demand level of manufacturing and construction activity;
the Company’s ability to service its debt obligations; and
the other factors that are described in the section entitled “RISK
FACTORS” in Item 1A of our most recently filed Annual Report on Form
10-K.
Undue reliance should not be placed on any forward-looking statements.
The Company does not have any intention or obligation to update
forward-looking statements, except as required by law.
About Mueller Water Products, Inc.
Mueller Water Products, Inc. manufactures and markets products and
services that are used in the transmission and distribution of safe,
clean drinking water and in water treatment facilities. Our broad
product portfolio includes engineered valves, fire hydrants, pipe
fittings, water meters and ductile iron pipe, which are used by
municipalities, as well as the residential and non-residential
construction industries. With latest 12 months net sales through June
30, 2010 of $1.4 billion, the Company is comprised of three operating
segments: Mueller Co., U.S. Pipe and Anvil. Based in Atlanta, Georgia,
the Company employs approximately 5,000 people. The Company’s common
stock trades on the New York Stock Exchange under the ticker symbol MWA.
For more information about Mueller Water Products, Inc., please visit
the Company’s Web site at muellerwaterproducts.com.
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