Zurn Elkay Water Solutions Cor (NYSE:ZWS) Plans $0.11 Quarterly Dividend

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

Zurn Elkay Water Solutions Cor has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Zurn Elkay Water Solutions Cor has a dividend payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Zurn Elkay Water Solutions Cor to earn $1.90 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 23.2%.

Zurn Elkay Water Solutions Cor Stock Performance

Shares of NYSE ZWS opened at $48.28 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.11 and a current ratio of 3.24. The stock has a 50 day moving average price of $48.26 and a 200 day moving average price of $48.26. The stock has a market capitalization of $8.06 billion, a PE ratio of 38.93, a price-to-earnings-growth ratio of 1.88 and a beta of 1.04. Zurn Elkay Water Solutions Cor has a 52 week low of $37.25 and a 52 week high of $53.76.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $433.00 million for the quarter, compared to analyst estimates of $418.99 million. Zurn Elkay Water Solutions Cor had a return on equity of 17.40% and a net margin of 12.26%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. Analysts predict that Zurn Elkay Water Solutions Cor will post 1.75 earnings per share for the current fiscal 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.