Watts Water Technologies announces quarterly dividend

NORTH ANDOVER, Mass. - Watts Water Technologies, Inc. (NYSE:WTS), a leading global manufacturer of plumbing, heating, and water quality solutions, has announced a quarterly dividend payment. The company will pay a dividend of $0.52 per share on both Class A Common Stock and Class B Common Stock. This dividend is scheduled for distribution on June 13, 2025, to shareholders who are on record as of May 30, 2025. According to InvestingPro data, WTS has maintained dividend payments for 40 consecutive years and has raised its dividend for 12 straight years, with a current yield of 0.8%.

The announcement underscores Watts Water Technologies’ ongoing commitment to providing value to its shareholders. The corporation, now valued at $7.15 billion, has a diverse portfolio of companies and brands that deliver comprehensive solutions for improving water efficiency, safety, and quality in various applications, including commercial, residential, and industrial settings. InvestingPro analysis reveals the company maintains strong financial health with a "GREAT" overall score, supported by robust revenue growth of 9.53% in the last twelve months.

Investors and stakeholders of Watts Water Technologies may view this dividend declaration as a continuation of the company’s financial practices aimed at sharing profits with its shareholders. Dividends are typically seen as a sign of a company’s financial health and its ability to generate consistent cash flow. InvestingPro subscribers can access 12 additional key insights about WTS’s financial health, dividend sustainability, and growth prospects through the platform’s comprehensive Pro Research Report, available for over 1,400 US stocks.

It’s important for investors to note that the dividend payout is contingent upon being a stockholder by the close of business on the record date, which has been set for the end of May.

This information is based on a press release statement from Watts Water Technologies, Inc. The corporation’s operations span across a global scale, with a reputation for innovation in the water technology industry. The dividend announcement is a key financial event for the company and its investors, reflecting its performance and strategic financial management.

For more details on the company’s financials and product offerings, interested parties can visit the official Watts Water Technologies website. However, please note that this article does not include direct links or contact information, adhering to journalistic standards for reporting news based on press release statements.

In other recent news, Watts Water Technologies reported fourth-quarter earnings for 2024 that exceeded analysts’ expectations, with both revenue and margins surpassing forecasts. This resulted in a 7% earnings per share beat compared to Stifel’s model, prompting the firm to slightly raise its price target for Watts Water to $219 while maintaining a Hold rating. Despite the strong financial performance, the company’s 2025 guidance indicates that organic revenue growth is expected to be 3% below consensus estimates. However, strategic acquisitions and product rationalization efforts are anticipated to offset this shortfall, leading to a midpoint EPS estimate of approximately $9.02, above the consensus of $8.91.

Additionally, Watts Water announced a restructuring program for its facility in Hautvillers-Ouville, France, which involves closing foundry operations and relocating manufacturing processes. The restructuring is expected to incur pre-tax charges of about $22 million, primarily from severance payments, and will result in a net reduction of 68 positions in France. The company aims to complete this restructuring by the end of 2026, projecting annual pre-tax savings of around $3 million. This move is part of Watts Water’s strategy to optimize its manufacturing footprint and enhance operational efficiencies.

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