Badger Meter Declares Regular Quarterly Cash Dividend; Renews Share Repurchase Program
MILWAUKEE--(BUSINESS WIRE)--Feb 14, 2020--
The Board of Directors of Badger Meter, Inc. (NYSE: BMI) today declared a regular quarterly cash dividend of seventeen cents ($0.17) per share, payable on March 13, 2020 to shareholders of record as of February 28, 2020.
The Company also announced that its Board of Directors authorized a limited, three-year stock repurchase program that allows the Company to purchase up to 400,000 shares on the open market (or in privately negotiated transactions) at prevailing prices, to be used for issuance under the Company’s stock-based employee benefit plans, subject to market conditions, applicable legal requirements and other factors.
About Badger Meter
Badger Meter is an innovator in flow measurement, control and communications solutions, serving water utilities, municipalities, and commercial and industrial customers worldwide. The Company’s products measure water, oil, chemicals, and other fluids, and are known for accuracy, long-lasting durability and for providing valuable and timely measurement data. For more information, visit www.badgermeter.com
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KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN
INDUSTRY KEYWORD: UTILITIES ENERGY
SOURCE: Badger Meter
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PUB: 02/14/2020 04:15 PM/DISC: 02/14/2020 04:15 PM