Zurn Elkay Water Solutions Cor (ZWS) To Go Ex-Dividend on February 20th

Zurn Elkay Water Solutions Cor (NYSE:ZWS) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Friday, February 20th will be given a dividend of 0.11 per share on Friday, March 6th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, February 20th.

Zurn Elkay Water Solutions Cor has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. 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 $1.52 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 28.9%.

Zurn Elkay Water Solutions Cor Stock Performance

ZWS opened at $51.07 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.07 and a current ratio of 3.13. The company has a market cap of $8.52 billion, a PE ratio of 44.41, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. The stock has a 50-day moving average of $47.89 and a 200-day moving average of $46.91. Zurn Elkay Water Solutions Cor has a 52-week low of $27.74 and a 52-week high of $53.17.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last announced its earnings results on Tuesday, February 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Zurn Elkay Water Solutions Cor had a return on equity of 16.54% and a net margin of 11.68%.The firm had revenue of $407.20 million during the quarter, compared to analysts’ expectations of $400.75 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 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.