The Board of Directors of Badger Meter, Inc. BMI today authorized a 15% increase in its quarterly common stock dividend to $0.15 per share from $0.13 per share. The increased dividend is payable September 14, 2018, to shareholders of record on August 31, 2018. The new annual dividend rate for common stock is $0.60 per share.
"I am proud of the fact that we have increased dividends for twenty-six consecutive years. This year's increase demonstrates the continuing confidence we have in the cash generation potential of Badger Meter, as well as our ongoing commitment to shareholder value," said Richard A. Meeusen, chairman and chief executive officer.
About Badger Meter
Badger Meter is an innovator in flow measurement, control and communications solutions, serving water utilities, municipalities, and commercial and industrial customers worldwide. The Company's products measure water, oil, chemicals, and other fluids, and are known for accuracy, long-lasting durability and for providing valuable and timely measurement data. For more information, visit www.badgermeter.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180810005415/en/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
