Badger Meter, Inc. to Issue Quarterly Dividend of $0.40 (NYSE:BMI)

Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 22nd will be given a dividend of 0.40 per share by the scientific and technical instruments company on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date 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 increased its dividend every year for the last 32 years. Badger Meter has a payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

BMI stock opened at $119.15 on Wednesday. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 2.14 and a beta of 0.68. Badger Meter has a fifty-two week low of $112.09 and a fifty-two week high of $256.08. The stock has a fifty day moving average of $138.26 and a 200-day moving average of $158.78.

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

Badger Meter Company Profile

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.