Zurn Elkay Water Solutions Cor (NYSE:ZWS) Raises Dividend to $0.13 Per Share

Zurn Elkay Water Solutions Cor (NYSE:ZWS) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 20th will be given a dividend of $0.13 per share on Monday, December 7th. This represents a $0.52 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 20th. This is a 18.2% increase from Zurn Elkay Water Solutions Cor’s previous quarterly dividend of $0.11.

Zurn Elkay Water Solutions Cor has a dividend payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Zurn Elkay Water Solutions Cor to earn $2.03 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 21.7%.

Zurn Elkay Water Solutions Cor Trading Down 0.7%

Shares of ZWS stock opened at $48.30 on Friday. Zurn Elkay Water Solutions Cor has a 1 year low of $43.06 and a 1 year high of $55.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.13. The stock’s 50 day simple moving average is $47.44 and its two-hundred day simple moving average is $48.50. The company has a market cap of $8.01 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its earnings results on Tuesday, July 28th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Zurn Elkay Water Solutions Cor had a return on equity of 18.01% and a net margin of 15.45%. The firm had revenue of $491.00 million during the quarter, compared to analysts’ expectations of $483.04 million. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Research analysts predict that Zurn Elkay Water Solutions Cor will post 1.83 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Company Profile

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a manufacturer of products and systems used to manage, conserve and protect water in commercial, institutional, industrial and residential buildings. The company provides plumbing and water-management solutions designed to support water distribution, drainage, safety, hygiene and efficiency.

Its product portfolio includes commercial faucets, flush valves, fixtures, drains, plumbing specialties, backflow-prevention devices, water coolers, bottle-filling stations, water filtration systems and related accessories.