Fannie Mae, Freddie Mac shares tumble after conservatorship comments
MILWAUKEE - Zurn Elkay Water Solutions Corporation (NYSE: ZWS), a company recognized for its sustainable water management solutions, announced a quarterly dividend of $0.09 per share today, representing a dividend yield of 1.06%. This dividend is scheduled to be paid in cash to shareholders of record by June 6, 2025, with the record date set for May 20, 2025. According to InvestingPro data, the company has shown a 12.5% dividend growth over the last twelve months.
Zurn Elkay, headquartered in Milwaukee, Wisconsin, is known for its comprehensive portfolio of water safety and control products, including flow systems, hygienic and environmental products, and filtered drinking water solutions for both public and private sectors. With a market capitalization of $5.76 billion and annual revenue of $1.58 billion, the company maintains a strong financial position, reflected in its healthy current ratio of 2.87. The company has been acknowledged by Newsweek as one of America’s Most Responsible Companies and one of America’s Greenest Companies, as well as one of the World’s Best Companies for Sustainable Growth by TIME magazine.
The declaration of the dividend follows the company’s operational practice and reflects its commitment to providing value to its stockholders. Dividends are a way for companies to distribute a portion of their earnings back to shareholders, and Zurn Elkay’s announcement is a continuation of its financial policies aimed at shareholder returns. InvestingPro analysis reveals that management has been aggressively buying back shares, demonstrating additional commitment to shareholder value. For deeper insights into ZWS’s financial health and more exclusive ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
Investors and shareholders are advised that this press release contains forward-looking statements, which are subject to various risks and uncertainties. These statements are not guarantees of future performance, and the company’s actual results may differ from current expectations. Analyst price targets currently range from $30 to $40 per share, with the stock trading near Fair Value according to InvestingPro calculations. Factors that could influence these results include those detailed in the company’s most recent Form 10-K and other reports filed with the SEC.
The information provided in this article is based on a press release statement from Zurn Elkay Water Solutions Corporation.
In other recent news, Zurn Water Solutions reported impressive financial results for the first quarter of 2025, surpassing analyst expectations. The company posted an earnings per share (EPS) of $0.31, exceeding the forecasted $0.29, and achieved revenue of $389 million, which was above the anticipated $383.88 million. This strong performance was driven by a 5% core sales growth and an adjusted EBITDA of $98 million, reflecting a robust operational strength. Stifel analysts maintained their Buy rating and a $34 price target for Zurn Water Solutions, acknowledging the company’s solid financial results and strategic initiatives. The company has reaffirmed its 2025 outlook, projecting an EBITDA between $405-$420 million and anticipating core sales growth similar to 2024, around 3%. Zurn Water Solutions is also focusing on reducing its exposure to tariffs by relocating operations out of China by 2026, a move that Stifel believes could lead to margin expansion. Additionally, the company remains committed to supply chain restructuring and sustainability efforts, with future guidance indicating positive sales growth and margin improvements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.