Badger Meter, an innovator in flow measurement, said its review of options to enhance shareholder value has been completed.
The company had decided to introduce a 15% increase in the cash dividend payment and increase the number of shares outstanding through a 2-for-1 stock split.
The Board of Directors increased cash dividend to $0.23 per share from $0.20, based on pre-split shares. The dividend is payable on September 15 to shareholders of record at the close of business on August 31.
The company approved a 2-for-1 stock split in the form of a 100% stock dividend. The stock dividend is also payable on September 15 to shareholders of record at the close of business on August 31.
