Badger Meter, Inc. (BMI) To Go Ex-Dividend on May 22nd

Badger Meter, Inc. (NYSE:BMI) announced a quarterly dividend on Friday, April 24th. Shareholders of record on Friday, May 22nd will be given a dividend of 0.40 per share by the scientific and technical instruments company on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, May 22nd.

Badger Meter has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 32 consecutive years. Badger Meter has a dividend payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Badger Meter to earn $4.96 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 32.3%.

Badger Meter Price Performance

NYSE:BMI opened at $119.15 on Wednesday. The stock has a market cap of $3.48 billion, a P/E ratio of 26.90, a PEG ratio of 2.14 and a beta of 0.68. Badger Meter has a one year low of $112.09 and a one year high of $256.08. The company has a fifty day moving average price of $138.26 and a 200 day moving average price of $158.78.

Badger Meter (NYSE:BMI) last released its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%.The business had revenue of $220.71 million for the quarter. As a group, equities research analysts anticipate that Badger Meter will post 4.5 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.