Badger Meter Increases Dividend for 30th Consecutive Year

Rhea-AI Summary

The Board of Directors of Badger Meter (NYSE: BMI) has approved a 12.5% increase in its quarterly dividend, raising it from $0.20 to $0.225 per share. The new dividend will be payable on September 9, 2022, to shareholders of record on August 26, 2022. This marks the 30th consecutive year of dividend increases, reflecting the company's commitment to rewarding shareholders and confidence in its earnings and cash flow.

Positive

• 12.5% increase in quarterly dividend to $0.225 per share.
• 30 consecutive years of dividend increases.
• New annual dividend rate set at $0.90 per share.

Negative

• None.

MILWAUKEE--(BUSINESS WIRE)-- The Board of Directors of Badger Meter, Inc. (NYSE: BMI) today authorized a 12.5% increase in its quarterly common stock dividend to $0.225 per share from $0.20 per share. The increased dividend is payable September 9, 2022, to shareholders of record on August 26, 2022. The new annual dividend rate for common stock is $0.90 per share.

Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer, stated, “We remain committed to our long tradition of paying dividends to our shareholders as part of their total returns, and are incredibly proud of achieving 30 consecutive years of dividend increases. Dividends are a key element of our disciplined approach to capital allocation, and evidence of the confidence that Badger Meter has in the resilience of our earnings and cash flow.”

About Badger Meter

With more than a century of water technology innovation, Badger Meter is a global provider of industry leading water solutions encompassing flow measurement, quality and other system parameters. These offerings provide our customers with the data and analytics essential to optimize their operations and contribute to the sustainable use and protection of the world’s most precious resource. For more information, visit badgermeter.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220812005290/en/

Karen Bauer

(414) 371-7276

kbauer@badgermeter.com

Source: Badger Meter, Inc.

FAQ

What is the latest dividend announcement for Badger Meter (BMI)?

Badger Meter announced a 12.5% increase in its quarterly dividend, raising it to $0.225 per share.

When will the new dividend for BMI be paid?

The new dividend will be payable on September 9, 2022.

What is the dividend record of Badger Meter?

Badger Meter has achieved 30 consecutive years of dividend increases.

What is the new annual dividend amount for Badger Meter (BMI)?

The new annual dividend rate for Badger Meter is $0.90 per share.