Badger Meter, Inc. (NYSE:BMI) Declares $0.40 Quarterly Dividend

Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.40 per share by the scientific and technical instruments company on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 22nd.

Badger Meter has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 32 years. Badger Meter has a payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Badger Meter to earn $4.96 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 32.3%.

Badger Meter Trading Up 0.2%

Shares of NYSE:BMI opened at $119.15 on Wednesday. The stock’s 50-day moving average price is $138.26 and its 200-day moving average price is $158.78. Badger Meter has a 12-month low of $112.09 and a 12-month high of $256.08. The stock has a market capitalization of $3.48 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.14 earnings per share (EPS) for the quarter. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%.The firm had revenue of $220.71 million for the quarter. As a group, research analysts predict that Badger Meter will post 4.5 EPS for the current year.

About Badger Meter

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.