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NEW YORK ( TheStreet) -- The ex-dividend date for Badger Meter (NYSE: BMI) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $36.90 as of 9:30 a.m. ET, the dividend yield is 1.7%. The average volume for Badger Meter has been 138,000 shares per day over the past 30 days. Badger Meter has a market cap of $531.7 million and is part of the technology sector and electronics industry. Shares are up 25.5% year to date as of the close of trading on Thursday. Badger Meter Inc. manufacturers and marketers flow measurement and control products to water and gas utilities, municipalities, and industrial customers worldwide. Its products are used in various applications, including water, oil, and lubricants. The company has a P/E ratio of 24.9, below the average electronics industry P/E ratio of 174.5 and above the S&P 500 P/E ratio of 17.7.