Badger Meter, Inc. (NYSE:BMI) Announces Quarterly Dividend of $0.44

Key Points

• Badger Meter raised its quarterly dividend 10% to $0.44 per share, payable September 11 to shareholders of record August 28. The dividend implies an annualized payout of $1.76 and a 1.3% yield.
• The company has increased its dividend for 32 consecutive years, with a current payout ratio of 32%, indicating coverage by earnings.
• In its latest quarter, Badger Meter reported adjusted earnings of $1.02 per share, slightly exceeding estimates, while revenue fell 6.6% year over year to $220.3 million.

Badger Meter, Inc. (NYSE:BMI - Get Free Report) announced a quarterly dividend on Friday, August 14th. Stockholders of record on Friday, August 28th will be paid 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 dividend yield of 1.3%. The ex-dividend date is Friday, August 28th. This is a 10.0% increase from Badger Meter's previous quarterly dividend of $0.40.

Badger Meter has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 32 consecutive years. Badger Meter has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

NYSE BMI opened at $136.83 on Wednesday. The firm's fifty day moving average price is $137.53 and its 200 day moving average price is $138.91. The company has a market capitalization 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 has a 12 month low of $112.09 and a 12 month high of $204.00.

Badger Meter (NYSE:BMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.01. Badger Meter had a net margin of 14.27% and a return on equity of 18.03%. The firm had revenue of $220.30 million during the quarter, compared to analysts' expectations of $220.59 million. During the same period in the previous year, the company earned $1.17 earnings per share. Badger Meter's quarterly revenue was down 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Badger Meter will post 4.5 earnings per share 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.

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