Badger Meter, Inc. (BMI) to Issue Quarterly Dividend of $0.40 on December 5th

Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend on Friday, November 7th. Shareholders of record on Friday, November 21st will be paid a dividend of 0.40 per share by the scientific and technical instruments company on Friday, December 5th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 21st.

Badger Meter has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 32 consecutive years. Badger Meter has a payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Badger Meter to earn $5.38 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 29.7%.

Badger Meter Price Performance

Shares of BMI traded up $0.42 during trading hours on Wednesday, reaching $172.46. 6,920 shares of the company’s stock traded hands, compared to its average volume of 301,182. Badger Meter has a twelve month low of $162.17 and a twelve month high of $256.08. The business’s fifty day simple moving average is $179.78 and its two-hundred day simple moving average is $206.54. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 3.02 and a beta of 0.94.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $235.65 million during the quarter, compared to the consensus estimate of $231.88 million. Badger Meter had a net margin of 15.40% and a return on equity of 21.12%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. On average, equities research analysts expect that Badger Meter will post 4.65 EPS for the current year.

Institutional Trading of Badger Meter

A number of institutional investors have recently bought and sold shares of the company. Caitlin John LLC bought a new position in Badger Meter in the 3rd quarter worth $31,000. Brown Brothers Harriman & Co. grew its holdings in shares of Badger Meter by 62.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 71 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Badger Meter during the 1st quarter valued at $37,000. Salomon & Ludwin LLC acquired a new stake in Badger Meter in the 3rd quarter valued at about $38,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Badger Meter by 170.5% during the second quarter. Cullen Frost Bankers Inc. now owns 165 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Company Profile

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.