Badger Meter, Inc. (NYSE:BMI) Plans Quarterly Dividend of $0.17

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Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend on Friday, November 8th, RTT News reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.17 per share by the scientific and technical instruments company on Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.14%.

Shares of Badger Meter stock traded up $1.01 during trading on Friday, hitting $59.86. 159,278 shares of the stock were exchanged, compared to its average volume of 163,083. The stock’s fifty day moving average is $55.66 and its 200 day moving average is $54.76. The stock has a market cap of $1.73 billion, a PE ratio of 38.87 and a beta of 0.78. Badger Meter has a 12 month low of $46.69 and a 12 month high of $61.58.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $108.60 million during the quarter, compared to analyst estimates of $110.39 million. Badger Meter had a net margin of 10.95% and a return on equity of 14.85%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Sell-side analysts expect that Badger Meter will post 1.56 EPS for the current fiscal year.

Several equities analysts have recently commented on BMI shares. ValuEngine lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird increased their target price on shares of Badger Meter from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Stifel Nicolaus decreased their target price on shares of Badger Meter from $54.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Maxim Group reiterated a “buy” rating and issued a $64.00 target price on shares of Badger Meter in a research report on Wednesday, October 16th. Finally, Zacks Investment Research upgraded shares of Badger Meter from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $57.00.

About Badger Meter

Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.

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Dividend History for Badger Meter (NYSE:BMI)

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