Badger Meter Stock To Go Ex-dividend Tuesday (BMI)

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.

TheStreet Ratings rates Badger Meter as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Badger Meter Ratings Report.

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