Zurn Elkay Water Solutions Increases Quarterly Cash Dividend
July 21 2022 - 11:54AM
Business Wire
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) announced
today that its Board of Directors declared a quarterly common stock
dividend of $0.07 per share payable in cash on September 7, 2022 to
stockholders of record as of August 19, 2022.
“The dividend we declared today more than doubles the initial
quarterly dividend we started with as a pure play water solutions
business. With the transformation to Zurn Elkay Water Solutions our
Board of Directors has increased the dividend to reflect our
continued commitment to delivering shareholder value,” said Todd A.
Adams, Chairman and Chief Executive Officer. “Our robust cash flow,
strong financial characteristics and low leverage supports our
ability to consistently pay a dividend while continuing to invest
in our core business to drive organic growth as well as to execute
strategic acquisitions.”
About Zurn Elkay Water Solutions
Headquartered in Milwaukee, Wisconsin, Zurn Elkay Water
Solutions is a growth-oriented, pure-play water business that
designs, procures, manufactures, and markets what we believe is the
broadest sustainable product portfolio of solutions to improve
health, human safety, and the environment. The Zurn Elkay product
portfolio includes professional grade water control and safety,
water distribution and drainage, drinking water, finish plumbing,
hygienic, environmental and site works products for public and
private spaces. Visits www.zurn-elkay.com for additional
information about the Company.
Forward-Looking Statements
Information in this release may involve outlook, expectations,
beliefs, plans, intentions, strategies or other statements
regarding the future, which are forward-looking statements. These
forward-looking statements involve risks and uncertainties. All
forward-looking statements included in this release are based upon
information available to Zurn Elkay Water Solutions Corporation as
of the date of the release, and Zurn Elkay Water Solutions
Corporation assumes no obligation to update any such
forward-looking statements. The statements in this release are not
guarantees of future performance, and actual results could differ
materially from current expectations. Numerous factors could cause
or contribute to such differences. Please refer to “Risk Factors”
and “Cautionary Notice Regarding Forward-Looking Statements” in the
Company’s Form 10-K for the period ended December 31, 2021 as well
as the Company’s annual, quarterly and current reports filed on
Forms 10-K, 10-Q and 8-K from time to time with the SEC for a
further discussion of the factors and risks associated with the
business.
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version on businesswire.com: https://www.businesswire.com/news/home/20220721005813/en/
Investor Relations: Dave Pauli, Vice President – Investor
Relations 414-223-7770
Media Relations Zurn: Angela Hersil, Director – Corporate
Communications 855-480-5050 414-808-0199
Corporate.Communications@zurn.com
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