Badger Meter (BMI) has declared a quarterly dividend of $0.40 per share, maintaining its previous payout. The dividend, which translates to a forward yield of 1.31%, is payable on June 5 to shareholders on record as of May 22, with an ex-dividend date set for the same day. This consistent dividend policy reflects the company’s commitment to returning value to shareholders despite recent challenges.
The announcement comes on the heels of Badger Meter’s Q1 earnings report, where the company reported a revenue and EPS miss, leading to a decline in share price. Additionally, Badger Meter is set to acquire UDlive for $100 million, which may impact its organic revenue growth projections for 2026, expected to align with 2025 levels.
For investors, the dividend stability amidst earnings volatility may signal confidence in Badger Meter’s long-term strategy, making it a potential consideration for income-focused portfolios.
Source: seekingalpha.com