Badger Meter Increases Quarterly Dividend
August 07 2020 - 9:30AM
Business Wire
The Board of Directors of Badger Meter, Inc. (NYSE: BMI) today
authorized a 6% increase in its quarterly common stock dividend to
$0.18 per share from $0.17 per share. The increased dividend is
payable September 11, 2020, to shareholders of record on August 28,
2020. The new annual dividend rate for common stock is $0.72 per
share.
“Today’s 6% dividend increase marks the company’s 28th
consecutive year of increasing its dividend and is reflective of
our ability to deliver strong free cash flow even during uncertain
times. We recognize the importance of dividend growth as a
component of our balanced approach to allocating capital, along
with investing in Badger Meter’s future growth, both organically
and via acquisition. Our Board’s action today to increase the
dividend rate reinforces the resilience of Badger Meter’s long-term
business strategy,” said Kenneth C. Bockhorst, Chairman, President
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
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Karen Bauer at (414) 371-7276 kbauer@badgermeter.com
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