Badger Meter, Inc. (BMI) to Issue Quarterly Dividend of $0.40 on December 5th

Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend on Friday, November 7th. Shareholders of record on Friday, November 21st will be paid a dividend of 0.40 per share by the scientific and technical instruments company on Friday, December 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 21st.

Badger Meter has raised its dividend by an average of 0.1%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 29.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.9%

Shares of BMI opened at $172.97 on Wednesday. Badger Meter has a 12 month low of $162.17 and a 12 month high of $256.08. The firm’s 50 day moving average is $179.78 and its 200-day moving average is $206.54. The stock has a market capitalization of $5.10 billion, a PE ratio of 36.80, a P/E/G ratio of 3.02 and a beta of 0.94.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. Badger Meter had a return on equity of 21.12% and a net margin of 15.40%.The business had revenue of $235.65 million for the quarter, compared to the consensus estimate of $231.88 million. During the same quarter in the prior year, the business posted $1.08 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities research analysts predict that Badger Meter will post 4.65 earnings per share for the current fiscal year.

About Badger Meter

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.