USA – Water Infrastructure
NWPX:US
Northwest Pipe is a pure play on the U.S. water infrastructure market with its focus on steel pressure pipe and precast concrete pipe for the water infrastructure. It is one of the largest manufacturers of engineered steel pressure pipe for the U.S. water infrastructure market. With round about 50% market share, the company has a strong position in the steel pressure pipe market. NWP also offers rehabilitation solutions for municipalities grappling with water or wastewater pipeline cracks. It manufactures steel rehabilitation systems for concrete pressure or iron pipe systems.
Northwest Pipe has not paid a dividend in the past and it probably won’t distribute a dividend to its shareholders in the future. The company has been pursuing this dividend policy for many years.