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MILWAUKEE - Badger Meter, Inc. (NYSE:BMI), a water technology company with a market capitalization of $5.5 billion, announced Friday an 18% increase in its quarterly common stock dividend to $0.40 per share from $0.34 per share. The dividend will be payable September 5, 2025, to shareholders of record on August 22, 2025, bringing the annual dividend rate to $1.60 per share, representing a yield of 0.72%.
This marks the 33rd consecutive year of dividend increases for the water technology company, according to a press release statement. InvestingPro data shows the company has maintained dividend payments for 55 consecutive years, demonstrating a strong commitment to shareholder returns. Analysis from InvestingPro indicates the stock is currently trading above its Fair Value.
With a strong financial health score rated as "GREAT" by InvestingPro and a robust current ratio of 3.23, "Disciplined execution of our durable business model, supported by enduring favorable industry fundamentals, puts us in a position to raise our dividend for the 33rd consecutive year," said Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer of Badger Meter.
Bockhorst cited the ongoing adoption of the company’s cellular AMI solution and water management solutions within its BlueEdge portfolio as factors contributing to strong free cash flow generation.
Badger Meter specializes in water technology innovation, offering measurement hardware, communications systems, and data analytics software for water management operations.
In other recent news, Badger Meter reported its second-quarter 2025 earnings, revealing a mixed financial performance. The company posted earnings per share of $1.17, which fell short of the forecasted $1.23, marking a 4.88% miss. However, revenue slightly exceeded expectations, coming in at $238.1 million against a forecast of $236.95 million. RBC Capital responded to these results by lowering its price target for Badger Meter to $264 from $284, while maintaining an Outperform rating. The adjustment was attributed to higher-than-expected Selling Engineering and Admin expenses in the company’s recently acquired SmartCover business. Stifel also commented on the earnings, reiterating its Hold rating and maintaining a $224 price target, noting that the earnings were slightly below consensus estimates due to higher expenses. These developments highlight the challenges Badger Meter faces as it navigates financial expectations and operational costs.
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