MILWAUKEE--(BUSINESS WIRE)--
The Board of Directors of Badger Meter, Inc. (NYSE: BMI) today authorized a 26% increase in its quarterly common stock dividend to $0.34 per share from $0.27 per share. The increased dividend is payable September 6, 2024, to shareholders of record on August 23, 2024. The new annual dividend rate for common stock is $1.36 per share.
Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer, stated, “Our consistent and disciplined approach to serving customers, executing our business strategy and generating strong cash flow has once again put the Board in a position to raise the dividend. A durable dividend is an important component of our capital allocation framework, and we are immensely proud of our now 32 consecutive years of dividend increases.”
About Badger Meter
With more than a century of water technology innovation, Badger Meter is a global provider of industry leading water solutions encompassing flow measurement, quality and other system parameters. These offerings provide our customers with the data and analytics essential to optimize their operations and contribute to the sustainable use and protection of the world’s most precious resource. For more information, visit
badgermeter.com
.
Source: Badger Meter, Inc.