Badger Meter Hikes Dividend
The needle on Badger Meter's dividend dial is rising. The company has declared a quarterly common stock disbursement of $0.18 per share, to be paid on September 13, to shareholders of record as of August 30. That amount is $0.01, or 6%, higher than each of the company's preceding four payouts of $0.17 apiece, the most recent of which was distributed in June.
In the press release announcing the raise, the firm did not hesitate to mention that it makes 2013 the 21st year it has increased its payout.
The new dividend annualizes to $0.72 per share. That yields 1.5% at Badger Meter's most recent closing stock price of $49.09.
The article Badger Meter Hikes Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Badger Meter. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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