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

Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend on Friday, February 13th. Investors of record on Friday, February 27th will be paid 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 dividend yield of 1.0%. The ex-dividend date is Friday, February 27th.

Badger Meter has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 32 years. Badger Meter has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

NYSE:BMI traded down $3.26 during midday trading on Wednesday, reaching $155.09. 65,211 shares of the stock traded hands, compared to its average volume of 425,705. The stock has a market capitalization of $4.53 billion, a P/E ratio of 32.33, a PEG ratio of 2.51 and a beta of 0.90. The company has a fifty day moving average of $166.41 and a 200 day moving average of $175.74. Badger Meter has a 12 month low of $139.14 and a 12 month high of $256.08.

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