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NEW YORK ( TheStreet) -- The ex-dividend date for Mueller Water Products (NYSE: MWA) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $3.71 as of 9:30 a.m. ET, the dividend yield is 1.8%. The average volume for Mueller Water has been 1.4 million shares per day over the past 30 days. Mueller Water has a market cap of $602.6 million and is part of the industrial goods sector and industrial industry. Shares are up 53.3% year to date as of the close of trading on Friday. Mueller Water Products, Inc., together with its subsidiaries, manufactures and markets water infrastructure, flow control, and piping component system products primarily in the United States and Canada. The company operates in three segments: Mueller Co., U.S. Pipe, and Anvil. The Mueller Co.