Badger Meter, Inc. (NYSE:BMI) announced a quarterly dividend on Friday, November 10th, RTT News reports. Stockholders of record on Thursday, November 30th will be paid a dividend of 0.13 per share by the scientific and technical instruments company on Friday, December 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 29th.

Badger Meter has increased its dividend payment by an average of 7.1% per year over the last three years and has increased its dividend every year for the last 15 years. Badger Meter has a dividend payout ratio of 43.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Badger Meter to earn $1.30 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 40.0%.

Badger Meter (BMI) opened at $45.60 on Friday. The firm has a market capitalization of $1,327.53, a P/E ratio of 40.00 and a beta of 0.65. Badger Meter has a 12-month low of $34.40 and a 12-month high of $52.10.

Badger Meter (NYSE:BMI) last released its earnings results on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $102.86 million. Badger Meter had a net margin of 8.39% and a return on equity of 12.62%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. equities analysts anticipate that Badger Meter will post 1.18 earnings per share for the current year.

Several research firms have recently weighed in on BMI. BidaskClub downgraded Badger Meter from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Stifel Nicolaus assumed coverage on Badger Meter in a research report on Monday, September 18th. They set a “hold” rating and a $43.00 target price on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Badger Meter in a research report on Tuesday, October 17th. Sidoti upped their price objective on Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Badger Meter in a research report on Friday, October 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $48.00.

In other news, VP Beverly L. P. Smiley sold 7,550 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $45.26, for a total transaction of $341,713.00. Following the transaction, the vice president now owns 56,449 shares of the company’s stock, valued at approximately $2,554,881.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew J. Policano sold 8,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $45.64, for a total value of $365,120.00. Following the transaction, the director now directly owns 24,561 shares in the company, valued at approximately $1,120,964.04. The disclosure for this sale can be found here. Insiders sold a total of 24,400 shares of company stock worth $1,111,013 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

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Badger Meter Company Profile

Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

Dividend History for Badger Meter (NYSE:BMI)

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