Zurn Elkay Water Solutions Cor (NYSE:ZWS) Announces Quarterly Dividend of $0.11

Zurn Elkay Water Solutions Cor (NYSE:ZWS) announced a quarterly dividend on Thursday, July 23rd. Investors 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 payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. Zurn Elkay Water Solutions Cor has a payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 1.7%

Shares of NYSE ZWS opened at $48.28 on Friday. Zurn Elkay Water Solutions Cor has a 1 year low of $37.25 and a 1 year high of $53.76. The stock has a market capitalization of $8.06 billion, a P/E ratio of 38.93, a P/E/G ratio of 1.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.11. The company has a 50-day moving average price of $48.26 and a 200-day moving average price of $48.26.

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

Zurn Elkay Water Solutions Cor Company Profile

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.