Badger Meter, Inc. Declares Quarterly Dividend of $0.19 (BMI)
Badger Meter (NYSE:BMI) announced a quarterly dividend on Friday, August 8th, StockRatingsNetwork reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.19 per share on Monday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.52%.
Badger Meter (NYSE:BMI) traded up 1.44% during mid-day trading on Friday, hitting $50.81. 23,704 shares of the company’s stock traded hands. Badger Meter has a one year low of $44.57 and a one year high of $56.96. The stock has a 50-day moving average of $51.25 and a 200-day moving average of $51.74. The company has a market cap of $734.1 million and a P/E ratio of 25.05.
Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.03. The company had revenue of $95.66 million for the quarter, compared to the consensus estimate of $94.64 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that Badger Meter will post $2.14 EPS for the current fiscal year.
In other Badger Meter news, VP Fred J. Begale sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $49.12, for a total transaction of $49,120.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement and control technologies serving markets globally.
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