WTS dividend – Watts Water Technologies Announces Dividend Payment

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Watts Water Technologies ($NYSE:WTS) is a leading provider of water solutions, specializing in products and services for the residential, commercial, and institutional markets. The company has a long history of paying dividends, and the most recent payment of $0.30 per share is in line with previous payments. The dividend is payable on December 15 to shareholders of record on December 1, and the ex-dividend date is November 30. Watts Water Technologies has a strong focus on water solutions that help to improve the quality of life for people around the world.

The company’s products and services are used in a wide range of applications, including water treatment, plumbing, and irrigation. Watts Water Technologies is committed to providing innovative water solutions that meet the needs of its customers and help to preserve and protect the world’s water resources.

Dividends – WTS dividend

Watts Water Technologies, Inc. announced today that it will pay a quarterly dividend of $1.08 per share on its common stock for the second quarter of its fiscal year 2022, which ended on June 30, 2021. Based on the company’s closing stock price on July 1, 2021, this dividend yields approximately 0.95%. Looking ahead, Watts Water Technologies expects to continue to grow its dividend at a moderate pace. This would put the company’s dividend yield at approximately 0.68% for the full year. Over the longer term, Watts Water Technologies plans to continue to invest in its business and position itself for long-term growth.

As a result, the company expects its dividend payout ratio to increase modestly over time. This would represent a slight increase from the company’s current yield of 0.95%. Looking back over the last three years, Watts Water Technologies’ dividend yield has averaged approximately 0.77%. Based on the company’s current dividend payout ratio and projected earnings growth, this yield is likely to remain relatively stable going forward.

Price History

On Tuesday, shares of Watts Water Technologies opened at $147.20 and closed at $146.50, representing a slight increase of 0.1% from the previous day’s closing price of $146.40. The company’s products are used in residential, commercial, and institutional applications, and its solutions are found in some of the world’s most recognizable landmarks. Watts Water Technologies is committed to delivering shareholder value through a combination of organic growth and disciplined capital deployment. The company’s strong financial position and cash flow generation enable it to invest in new products and technologies, as well as return cash to shareholders through dividends and share repurchases.

VI Analysis

WATTS WATER TECHNOLOGIES is a strong company with a solid foundation in assets, dividends, and profitability. It is classified as a “gorilla” company, meaning it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes it an attractive investment for investors seeking stability and growth potential. The company’s high health score of 10/10 indicates its ability to pay off debt and fund future operations, making it a safe and reliable investment.

VI Peers

The company has a strong presence in North America, Europe, and Asia-Pacific. Its main competitors are Mueller Water Products, Inc., Sanchuan Wisdom Technology Co Ltd, and Quest Water Global Inc.

– Mueller Water Products, Inc. ($NYSE:MWA)

Mueller Water Products, Inc. is a manufacturer and marketer of water infrastructure and flow control products in the United States. The Company’s products include valves, hydrants, pipe fittings, pipe, meters and controls, and other products. Mueller Water Products, Inc. has a market cap of 1.78B as of 2022 and a Return on Equity of 10.51%. The company’s products are used in the water distribution systems of municipalities and water and wastewater utilities.

– Sanchuan Wisdom Technology Co Ltd ($SZSE:300066)

Sanchuan Wisdom Technology Co Ltd is a Chinese company that specializes in providing technology solutions for the automotive industry. The company has a market capitalization of 5.72 billion as of 2022 and a return on equity of 5.98%. Sanchuan Wisdom Technology Co Ltd is headquartered in Beijing, China.

– Quest Water Global Inc ($OTCPK:QWTR)

Return on equity is a key metric used to assess a company’s profitability. It measures how much profit a company generates for every dollar of shareholder equity. A higher ROE means that a company is more profitable and is generating more return for its shareholders.

Wabtec Corporation is a publicly traded company that provides technology products and services for the rail industry. The company has a market cap of 12.93M and a return on equity of 9.24%. Wabtec’s products and services are used by railroads around the world to improve safety, efficiency and productivity.

Summary

Watts Water Technologies is a leading manufacturer of water products and solutions. The company’s products include a wide range of residential, commercial, and industrial products, as well as a variety of services. Watts Water Technologies has a strong commitment to innovation and customer satisfaction.

The company’s products are backed by a team of experts who are available to help customers with any water-related needs. Watts Water Technologies’ stock is traded on the New York Stock Exchange under the ticker symbol WTS.