Zurn Elkay Water Solutions Raises Quarterly Dividend by 14%

Rhea-AI Summary

Zurn Elkay Water Solutions Corporation increases quarterly dividend by 14%.

Positive

• Zurn Elkay Water Solutions Corporation has announced a 14% increase in its quarterly common stock dividend. The new dividend amount is $0.08 per share, up from the previous $0.07 per share.

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 $0.08 per share, reflecting a 14% increase from the prior quarterly dividend of $0.07 per share. The dividend is payable in cash on December 7, 2023 to stockholders of record as of November 20, 2023.

About Zurn Elkay Water Solutions

Headquartered in Milwaukee, Wisconsin, Zurn Elkay Water Solutions is a growth-oriented, pure-play water business that designs, procures, manufactures, and markets what we believe is the broadest sustainable product portfolio of solutions to improve health, hydration, human safety, and the environment. The Zurn Elkay product portfolio includes professional grade water control and safety, water distribution and drainage, drinking water, finish plumbing, hygienic, environmental and site works 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, 2022 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/20231019515468/en/

Investor Relations:

Dave Pauli, Vice President – Investor Relations

414-223-7770

Media Relations:

Angela Hersil, Vice President – Corporate Communications

855-480-5050

414-808-0199

Corporate.Communications@zurn.com

Source: Zurn Elkay Water Solutions Corporation

FAQ

What is the new dividend amount declared by Zurn Elkay Water Solutions Corporation?

The new dividend amount declared by Zurn Elkay Water Solutions Corporation is $0.08 per share.

What was the previous dividend amount?

The previous dividend amount was $0.07 per share.

When will the dividend be payable?

The dividend will be payable in cash on December 7, 2023.

Who are eligible to receive the dividend?

Stockholders of record as of November 20, 2023, are eligible to receive the dividend.