The Board of Directors of Badger Meter, Inc. (NYSE:BMI) today authorized an 11% increase in its quarterly common stock dividend to $0.20 per share from $0.18 per share. The increased dividend is payable September 10, 2021, to shareholders of record on August 27, 2021. The new annual dividend rate for common stock is $0.80 per share.
“Today’s 11% dividend increase marks the company’s 29th consecutive year of increasing its dividend, and is a true testament to our legacy of consistently rewarding our shareholders. Dividends are an important element of the Company’s balanced and disciplined approach to capital allocation, and a reflection of the strong confidence that Badger Meter has in our ability to continue to generate and grow our earnings and cash flow both organically and via acquisition,” said Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer.