On December 14, 2006 approximately 85.8 million shares of Mueller Water Products Series B common stock were distributed to Walter Industries shareholders of record as of December 6, 2006. Stockholders received 1.6524432 shares of Mueller Water Products Series B common stock for every share of Walter Industries common stock they owned as of the close of business on December 6, 2006. Stockholders received cash for any fractional share of Mueller Water Products stock that was distributed to them and sold on their behalf.
Please see the links on our investor page titled "Information regarding Mueller Water Products' Spin Off from Walter Industries." We encourage stockholders to consult their own tax advisors for any other questions.
Mueller Water Products has paid a quarterly dividend since the fourth quarter of 2006. The Company's board of directors reviews the dividend quarterly.
The Direct Registration System, or DRS, is a system that allows your shares in Mueller Water Products to be held in your name in a "book-entry" account and tracked electronically, without having a physical certificate issued. You retain full ownership of your shares, and you have all the traditional rights and privileges as holders of shares held in certificate form. You have been assigned an account number and BNY Mellon Shareowner Services is the transfer agent responsible for maintaining your shares on Mueller Water Products' books.
DRS or book-entry is the securities industry's preferred method of security ownership and is used for all U.S. Treasury bills, bonds, notes, U.S. Government Agency securities, and mutual funds. DRS allows you to provide trading instructions in a quick and efficient manner, and lets you avoid the risk of holding a stock certificate that might be lost, stolen, or destroyed. The process to replace a lost paper stock certificate may require you to purchase a surety bond and complete an affidavit, which can be costly and time-consuming—all of which is avoided by using DRS.
No. Mueller Water Products will not issue paper stock certificates. You will receive periodic DRS statements from BNY Mellon Shareowner Services reflecting the number of shares that you own and any activity in your account.
If you hold your shares directly, you may contact our transfer agent, BNY Mellon Shareowner Services, at 1- 866-205-6698, for information related to your stock account. If you use a broker, he or she should be able to assist you.
Registered stockholders may access their DRS account online, go to https://vault.melloninvestor.com/isd and follow the online registration process. If you have trouble accessing your account online, contact BNY Mellon Shareowner Services at 1-866-205-6698.
Mueller Water Products generally announces its earnings release date and conference call time at least two weeks prior to the call date. Typically, the company reports during the first week of February, May, August and November.
Yes, Mueller Water Products currently conducts analyst and investor calls. Call notices and instruction on how you may participate in the calls are issued by press release and posted on our website approximately two weeks before the call. Presentations of recent conference calls also are available on the website.
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