NORTH ANDOVER, Mass.--(BUSINESS WIRE)--
Watts Water Technologies, Inc. (NYSE: WTS) today announced an increase
in its quarterly dividend of 5.5%, or $0.01, to $0.19 per share, on each
outstanding share of the Company’s Class A and Class B Common Stock. The
dividend will be paid on June 16, 2017, to stockholders of record at the
close of business on June 2, 2017.
“This is the 5th consecutive year we have increased our
dividend,” said Robert J. Pagano, Jr., Watts’ Chief Executive Officer
and President. “The dividend is a part of our balanced capital
deployment strategy and a result of our strong cash flow generation.”
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 companies and brands offer innovative plumbing, heating,
and water quality solutions for commercial, residential, and industrial
applications. For more information, visit www.wattswater.com.
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Source: Watts Water Technologies, Inc.