Zurn Elkay Water Solutions Cor (ZWS) to Distribute Quarterly Dividend of $0.11 on September 4th

Zurn Elkay Water Solutions Cor (NYSE:ZWS) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Thursday, August 20th will be given a dividend of 0.11 per share on Friday, September 4th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, August 20th.

Zurn Elkay Water Solutions Cor has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. Zurn Elkay Water Solutions Cor has a dividend payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Zurn Elkay Water Solutions Cor to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 23.2%.

Zurn Elkay Water Solutions Cor Price Performance

NYSE ZWS opened at $48.35 on Friday. The stock has a market capitalization of $8.07 billion, a P/E ratio of 38.99, a P/E/G ratio of 1.91 and a beta of 1.04. Zurn Elkay Water Solutions Cor has a 1 year low of $37.83 and a 1 year high of $53.76. The business’s fifty day moving average is $48.27 and its two-hundred day moving average is $48.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.11 and a current ratio of 3.24.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $433.00 million during the quarter, compared to the consensus estimate of $418.99 million. Zurn Elkay Water Solutions Cor had a return on equity of 17.40% and a net margin of 12.26%.The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, research analysts forecast that Zurn Elkay Water Solutions Cor will post 1.75 earnings per share for the current fiscal year.

About Zurn Elkay Water Solutions Cor

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.