Badger Meter, Inc. (NYSE:BMI) Raises Dividend to $0.44 Per Share

Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend on Friday, August 14th. Shareholders of record on Friday, August 28th will be given a dividend of 0.44 per share by the scientific and technical instruments company on Friday, September 11th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 28th. This is a 10.0% increase from Badger Meter’s previous quarterly dividend of $0.40.

Badger Meter has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 32 years. Badger Meter has a dividend payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Badger Meter to earn $4.95 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 35.6%.

Badger Meter Stock Up 0.8%

NYSE BMI opened at $136.83 on Wednesday. Badger Meter has a fifty-two week low of $112.09 and a fifty-two week high of $204.00. The business has a fifty day moving average of $137.53 and a 200-day moving average of $138.91. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The business had revenue of $220.30 million for the quarter, compared to analyst estimates of $220.59 million. Badger Meter had a return on equity of 18.03% and a net margin of 14.27%.The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 earnings per share. As a group, analysts anticipate 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.