Mueller Water Products Expands Stock Repurchase Authorization by $300 Million and Increases Quarterly Dividend by 14.3%

ATLANTA, Oct. 22, 2026 (GLOBE NEWSWIRE) -- 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.