Mueller Water Products Declares Quarterly Dividend

ATLANTA, April 29 /PRNewswire-FirstCall/ -- Mueller Water Products, Inc. (NYSE:MWA.B)(NYSE:MWA) announced today that its Board of Directors declared a quarterly dividend of 1.75 cents ($0.0175) per share for both its Series B and Series A common stock, payable May 20, 2008 to stockholders of record at the close of business May 9, 2008.

About Mueller Water Products

Mueller Water Products is a leading North American manufacturer and marketer of infrastructure and flow control products for use in water distribution networks and treatment facilities. Its broad product portfolio includes engineered valves, hydrants, ductile iron pipe and pipe fittings, which are utilized by municipalities, as well as the commercial and residential construction, oil and gas, HVAC and fire protection industries. With revenues of approximately $1.8 billion, the Company is comprised of three operating segments: Mueller Co., U.S. Pipe and Anvil. Based in Atlanta, Georgia, the Company employs approximately 6,500 people. Mueller Water Products Series B common stock and Series A common stock trade on the New York Stock Exchange under the ticker symbols MWA.B and MWA, respectively. For more information about Mueller Water Products, please visit the Company's Web site at www.muellerwaterproducts.com .

Investor Contact: Martie Edmunds Zakas
Sr. Vice President - Strategic Planning & Investor Relations
770-206-4237
mzakas@muellerwp.com

Media Contact: John Pensec
Director - Corporate Communications & Public Affairs
770-206-4240
jpensec@muellerwp.com

First Call Analyst:
FCMN Contact: vryan@muellerwp.com


Source: Mueller Water Products, Inc.

CONTACT: Investors, Martie Edmunds Zakas, Sr. Vice President - Strategic
Planning & Investor Relations, +1-770-206-4237, mzakas@muellerwp.com; or
Media, John Pensec, Director - Corporate Communications & Public Affairs,
+1-770-206-4240, jpensec@muellerwp.com, both of Mueller Water Products, Inc.

Web site: http://www.muellerwaterproducts.com/


2008-04-29 17:30:37 0348410 PRNEWSWIRE

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