A watermark that repeats may or may not appear in the list of options. The number may vary depending on the type of watermark. The Watermark option is highlighted. For example, the illustration below shows a Watermark in the Font category that can be applied to the title of every page in your Word document. How do I insert or modify the color of watermarks? — Microsoft Word forum For the purpose of creating a text watermark, the color of a watermark will not be considered in this process. How are the watermark dimensions and fonts assigned in Word? — Microsoft Support For font size selection, click on Watermark Tab in the ribbon. It will be in one of 4 categories: Font, Small: Font Size from 12 pixels to 25 PX; Medium: Font Size from 25 pixels to 50 PX and Large: Font Size from 50 pixels to 100 PX. For the shape of the watermark, you may leave the default (Rectangle) and select one of the following options: Square: A square of a given length. Circle: A rectangle with a given width. Square Round: A square with a particular radius. For the color of the watermark, choose a custom color. Font Watermark Color— Font Watermark Color — Small fonts. Font Watermark Color — Medium fonts.