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

Badger Meter, Inc. (NYSE:BMI) announced a quarterly dividend on Friday, February 13th. Shareholders of record on Friday, February 27th will be given a dividend of 0.40 per share by the scientific and technical instruments company on Friday, March 13th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 27th.

Badger Meter has raised its dividend by an average of 0.2%annually over the last three years and has raised 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. Equities analysts expect Badger Meter to earn $5.38 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 29.7%.

Badger Meter Price Performance

NYSE:BMI traded down $3.26 on Wednesday, reaching $155.09. 65,211 shares of the company’s stock were exchanged, compared to its average volume of 425,705. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 2.51 and a beta of 0.90. Badger Meter has a 52 week low of $139.14 and a 52 week high of $256.08. The stock has a fifty day simple moving average of $166.41 and a 200-day simple moving average of $175.74.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.01). Badger Meter had a net margin of 15.45% and a return on equity of 20.71%. The business had revenue of $220.71 million for the quarter, compared to analysts’ expectations of $232.30 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that Badger Meter will post 4.65 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.