Badger Meter Raises Dividend 26% Representing 32 Years of Consecutive Annual Dividend Growth
Badger Meter, Inc. (NYSE: BMI) has announced a significant 26% increase in its quarterly dividend to $0.34 per share, up from $0.27. This raise marks the company's 32nd consecutive year of annual dividend growth. The new dividend is payable on September 6, 2024, to shareholders of record as of August 23, 2024. With this increase, BMI's new annual dividend rate stands at $1.36 per share.
CEO Kenneth C. Bockhorst attributed this decision to the company's consistent approach to customer service, strategic execution, and strong cash flow generation. He emphasized that a durable dividend is a important component of Badger Meter's capital allocation framework.
Badger Meter, Inc. (NYSE: BMI) ha annunciato un significativo incremento del 26% del suo dividendo trimestrale, portandolo a $0.34 per azione, rispetto a $0.27. Questo aumento segna il 32° anno consecutivo di crescita del dividendo annuale dell'azienda. Il nuovo dividendo sarà pagabile il 6 settembre 2024, agli azionisti registrati al 23 agosto 2024. Con questo aumento, il nuovo tasso di dividendo annuale di BMI si attesta a $1.36 per azione.
Il CEO Kenneth C. Bockhorst ha attribuito questa decisione all'approccio costante dell'azienda al servizio clienti, all'esecuzione strategica e alla generazione di un forte flusso di cassa. Ha sottolineato che un dividendo sostenibile è un componente importante del quadro di allocazione del capitale di Badger Meter.
Badger Meter, Inc. (NYSE: BMI) ha anunciado un importante aumento del 26% en su dividendo trimestral a $0.34 por acción, frente a $0.27. Este aumento marca el 32º año consecutivo de crecimiento del dividendo anual de la compañía. El nuevo dividendo se pagará el 6 de septiembre de 2024 a los accionistas registrados al 23 de agosto de 2024. Con este aumento, la nueva tasa de dividendo anual de BMI se sitúa en $1.36 por acción.
El CEO Kenneth C. Bockhorst atribuyó esta decisión al enfoque consistente de la compañía en el servicio al cliente, la ejecución estratégica y la generación de un sólido flujo de efectivo. Enfatizó que un dividendo duradero es un componente importante del marco de asignación de capital de Badger Meter.
Badger Meter, Inc. (NYSE: BMI)는 분기 배당금을 26% 인상하여 주당 $0.34로 책정했다고 발표했습니다. 이는 이전의 $0.27에서 인상된 것입니다. 이번 인상은 회사의 32년 연속 연간 배당 성장을 기록하게 합니다. 새로운 배당금은 2024년 9월 6일에 지급되며, 2024년 8월 23일 기준의 주주에게 지급됩니다. 이번 인상으로 BMI의 새로운 연간 배당률은 주당 $1.36입니다.
CEO Kenneth C. Bockhorst는 이 결정을 고객 서비스에 대한 회사의 일관된 접근 방식, 전략적 실행 및 강력한 현금 흐름 생성에 기인한다고 밝혔습니다. 그는 지속 가능한 배당금이 Badger Meter의 자본 배분 프레임워크에서 중요한 요소라고 강조했습니다.
Badger Meter, Inc. (NYSE: BMI) a annoncé une augmentation significative de 26% de son dividende trimestriel, le portant à 0,34 $ par action, contre 0,27 $. Cette augmentation marque le 32ème année consécutive de croissance du dividende annuel de l'entreprise. Le nouveau dividende sera payable le 6 septembre 2024 aux actionnaires enregistrés au 23 août 2024. Avec cette augmentation, le nouveau taux de dividende annuel de BMI s'élève à 1,36 $ par action.
Le PDG Kenneth C. Bockhorst a attribué cette décision à l'approche cohérente de l'entreprise en matière de service client, d'exécution stratégique et de génération de flux de trésorerie solide. Il a souligné qu'un dividende durable est un composant important du cadre d'allocation de capital de Badger Meter.
Badger Meter, Inc. (NYSE: BMI) hat eine signifikante Erhöhung ihrer vierteljährlichen Dividende um 26% auf $0.34 pro Aktie bekannt gegeben, im Vergleich zu $0.27. Diese Erhöhung markiert das 32. Jahr in Folge mit einem Anstieg der jährlichen Dividende des Unternehmens. Die neue Dividende ist am 6. September 2024 fällig für Aktionäre, die am 23. August 2024 registriert sind. Mit dieser Erhöhung beträgt der neue jährliche Dividendenbetrag von BMI nun $1.36 pro Aktie.
CEO Kenneth C. Bockhorst führte diese Entscheidung auf den konsistenten Kundenservice, die strategische Umsetzung und die starke Cashflow-Generierung des Unternehmens zurück. Er betonte, dass eine stabile Dividende ein wichtiges Element im Kapitalallokationsrahmen von Badger Meter ist.
- 26% increase in quarterly dividend from $0.27 to $0.34 per share
- 32 consecutive years of annual dividend growth
- New annual dividend rate of $1.36 per share
- Strong cash flow generation allowing for dividend increase
- None.
Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer, stated, “Our consistent and disciplined approach to serving customers, executing our business strategy and generating strong cash flow has once again put the Board in a position to raise the dividend. A durable dividend is an important component of our capital allocation framework, and we are immensely proud of our now 32 consecutive years of dividend increases.”
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.
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Karen Bauer
(414) 371-7276
kbauer@badgermeter.com
Source: Badger Meter, Inc.
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