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Badger Meter (BMI) Declares $0.16 Quarterly Dividend; 2.1% Yield, Announces $30 Million Buyback Plan

November 11, 2011 4:13 PM EST
Badger Meter (NYSE: BMI) declared a quarterly dividend of $0.16 per share, or $0.64 annualized.

The dividend will be payable on December 15, 2011, to stockholders of record on November 30, 2011, with an ex-dividend date of November 28, 2011.

The annual yield on the dividend is 2.1 percent.

Board of Directors authorized the repurchase of up to $30 million of the company’s common stock over a two-year period, subject to market conditions, applicable legal requirements and other factors. Shares may be purchased through open market purchases or privately negotiated transactions, at prevailing prices.


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