Zurn Elkay Water Solutions Raises Quarterly Dividend by 12.5%

Rhea-AI Summary

Zurn Elkay Water Solutions (NYSE: ZWS) has announced a 12.5% increase in its quarterly dividend, raising it from $0.08 to $0.09 per share. The dividend will be paid in cash on December 6, 2024, to stockholders of record as of November 20, 2024. The company, headquartered in Milwaukee, WI, is recognized as one of America's Greenest Companies and Most Responsible Companies by Newsweek, specializing in sustainable water management solutions including water safety, flow systems, and filtered drinking water products.

Positive

• Increased quarterly dividend by 12.5% from $0.08 to $0.09 per share
• Recognition as one of America's Greenest Companies and Most Responsible Companies by Newsweek

Negative

• None.

MILWAUKEE--(BUSINESS WIRE)-- Zurn Elkay Water Solutions Corporation (NYSE: ZWS) announced today that its Board of Directors declared a quarterly common stock dividend of $0.09 per share, reflecting a 12.5% increase from the prior quarterly dividend of $0.08 per share. The dividend is payable in cash on December 6, 2024 to stockholders of record as of November 20, 2024.

About Zurn Elkay Water Solutions

Named one of America’s Greenest Companies and one of America’s Most Responsible Companies by Newsweek, Zurn Elkay Water Solutions is headquartered in Milwaukee, WI, and is a growth-oriented, pure-play water management business that designs, procures, manufactures, and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety, and the environment. The Zurn Elkay product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products, and filtered drinking water products for public and private spaces. Visit www.zurnelkay.com for additional information about the Company.

Forward-Looking Statements

Information in this release may involve outlook, expectations, beliefs, plans, intentions, strategies or other statements regarding the future, which are forward-looking statements. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Zurn Elkay Water Solutions Corporation as of the date of the release, and Zurn Elkay Water Solutions Corporation assumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance, and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences. Please refer to “Risk Factors” and “Cautionary Notice Regarding Forward-Looking Statements” in the Company’s Form 10-K for the period ended December 31, 2023 as well as the Company’s annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the SEC for a further discussion of the factors and risks associated with the business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241022920815/en/

Investor Contact:

Dave Pauli, Chief Financial Officer

414-223-7770



Media Contact:

Angela Hersil, Vice President – Corporate Communications

855-480-5050

414-808-0199

Corporate.Communications@zurnelkay.com

Source: Zurn Elkay Water Solutions Corporation

FAQ

What is Zurn Elkay's (ZWS) new quarterly dividend amount for 2024?

Zurn Elkay's new quarterly dividend is $0.09 per share, representing a 12.5% increase from the previous $0.08 per share.

When will Zurn Elkay (ZWS) pay its increased dividend in 2024?

Zurn Elkay will pay the increased dividend on December 6, 2024, to stockholders of record as of November 20, 2024.

By what percentage did Zurn Elkay (ZWS) increase its quarterly dividend?

Zurn Elkay increased its quarterly dividend by 12.5%, from $0.08 to $0.09 per share.