Badger Meter Increases Quarterly Dividend 11 Percent

Rhea-AI Summary

The Board of Directors of Badger Meter, Inc. (NYSE: BMI) has authorized an 11% increase in its quarterly dividend, raising it to $0.20 per share from $0.18 per share. This dividend will be payable on September 10, 2021, to shareholders of record as of August 27, 2021. The annual dividend rate now stands at $0.80 per share.

This marks the 29th consecutive year of dividend increases for the company, showcasing a commitment to rewarding shareholders and reflecting strong confidence in their ability to generate earnings and cash flow.

Positive

• 11% increase in quarterly dividend to $0.20 per share.
• 29th consecutive year of dividend increases.
• Demonstrates strong confidence in earnings and cash flow.
• New annual dividend rate of $0.80 per share.

Negative

• None.

The Board of Directors of Badger Meter, Inc. (NYSE: BMI) today authorized an 11% increase in its quarterly common stock dividend to $0.20 per share from $0.18 per share. The increased dividend is payable September 10, 2021, to shareholders of record on August 27, 2021. The new annual dividend rate for common stock is $0.80 per share.

“Today’s 11% dividend increase marks the company’s 29^th consecutive year of increasing its dividend, and is a true testament to our legacy of consistently rewarding our shareholders. Dividends are an important element of the Company's balanced and disciplined approach to capital allocation, and a reflection of the strong confidence that Badger Meter has in our ability to continue to generate and grow our earnings and cash flow both organically and via acquisition,” said Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer.

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 www.badgermeter.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210813005292/en/

FAQ

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

The new dividend amount for Badger Meter (BMI) is $0.20 per share.

When will the increased dividend be paid to shareholders of BMI?

The increased dividend will be paid on September 10, 2021.

What is the annual dividend rate for Badger Meter after the increase?

The annual dividend rate for Badger Meter is now $0.80 per share.

How many consecutive years has Badger Meter increased its dividend?

Badger Meter has increased its dividend for 29 consecutive years.

When is the record date for shareholders to receive the dividend?

The record date for shareholders to receive the dividend is August 27, 2021.