Badger Meter hikes dividend by 12.5%

Badger Meter (BMI) will raise its quarterly dividend by 12.5 percent to 20 cents per share in 2022. The Board of Directors of Badger Meter, Inc. today authorized a 12.5% increase in its quarterly common stock dividend to $0.225 per share from $0.20 per share. The increased dividend is payable September 9, 2022, to shareholders of record on August 26, 2022. The new annual dividend rate for common stock is $0.90 per share and yields 0.9% at a stock price of $98.

Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer, stated, “We remain committed to our long tradition of paying dividends to our shareholders as part of their total returns, and are incredibly proud of achieving 30 consecutive years of dividend increases. Dividends are a key element of our disciplined approach to capital allocation, and evidence of the confidence that Badger Meter has in the resilience of our earnings and cash flow.”

Badger Meter, Inc. provides 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. BMI's product lines fall into two categories: sales of water meters, radios and related technologies to municipal water utilities and sales of meters, valves and other products for industrial applications in water, wastewater, and other industries. The company's products are sold throughout the world through employees, resellers and representatives. Badger Meter was founded in 1905.