Zurn Elkay Water Solutions Cor (ZWS) to Distribute Quarterly Dividend of $0.11 on September 4th

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) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 20th.

Zurn Elkay Water Solutions Cor has increased its dividend by an average of 0.0%annually 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Zurn Elkay Water Solutions Cor to earn $2.02 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 21.8%.

Zurn Elkay Water Solutions Cor Trading Down 1.2%

ZWS opened at $50.35 on Tuesday. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 1.93 and a beta of 1.04. The business has a 50 day simple moving average of $49.37 and a two-hundred day simple moving average of $48.77. Zurn Elkay Water Solutions Cor has a one year low of $43.06 and a one year high of $55.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.13.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $491.00 million during the quarter, compared to analyst estimates of $483.04 million. Zurn Elkay Water Solutions Cor had a net margin of 15.45% and a return on equity of 18.01%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. Analysts predict that Zurn Elkay Water Solutions Cor will post 1.82 EPS for the current 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.