MILWAUKEE--(BUSINESS WIRE)--The Board of Directors of Badger Meter, Inc. (NYSE: BMI) today authorized a 13% increase in its quarterly common stock dividend to $0.17 per share from $0.15 per share. The increased dividend is payable September 13, 2019, to shareholders of record on August 30, 2019. The new annual dividend rate for common stock is $0.68 per share.
“Our strong cash flow affords us the ability to take a balanced approach to allocating capital, investing in Badger Meter’s future growth, both organically and via acquisition, and meaningfully returning cash to shareholders. We are building on our history of consistently paying a quarterly dividend, and are pleased to further advance our long-standing commitment to shareholder returns with this, our twenty-seventh year of increased dividends,” said Kenneth C. Bockhorst, 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