NORTH ANDOVER, Mass.--(BUSINESS WIRE)--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.
