NORTH ANDOVER, Mass.--(BUSINESS WIRE)--May 10, 2016--
Watts Water Technologies, Inc. (NYSE: WTS) today announced an increase
in its quarterly dividend by 5.9%, or $0.01 per share, to $0.18 per
share for the second quarter of 2016. The dividend will be payable on
June 16, 2016 to the Company’s Class A and Class B Common Stockholders
of record at the close of business on June 2, 2016.
“Today’s announcement of the dividend increase is reflective of our
strong balance sheet and our consistent cash generation” said Robert J.
Pagano, Watts’ President and Chief Executive Officer. “This initiative
is part of our balanced cash deployment approach and our commitment to
return value to shareholders in both the short and long term.”
Watts Water Technologies, Inc., through its family of companies, is a
global manufacturer headquartered in the USA that provides one of the
broadest plumbing, heating, and water quality product lines in the
world. Watts Water companies and brands offer innovative plumbing,
heating, and water quality solutions for residential, commercial, and
industrial applications. For more information, visit www.wattswater.com.
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Source: Watts Water Technologies, Inc.
Watts Water Technologies, Inc.
Timothy MacPhee, 978-688-1811
Treasurer,
Vice President Investor Relations
Fax: 978-688-2976