Badger Meter, Inc. BMI today announced a 16.7% increase in its quarterly common stock dividend to 14 cents per share from 12 cents per share. The increased dividend is payable September 15, 2010, to shareholders of record August 31, 2010. The new annual dividend rate for the common stock is 56 cents per share.
"This is our eighteenth consecutive year of increased dividend payments. The increase reflects our ongoing commitment to our shareholders and our continued confidence in the future of Badger Meter," said Richard A. Meeusen, chairman, president and chief executive officer.
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