SmarterDividends
BMI

Badger Meter, Inc.

BMI21 yrs growth

Technology · Scientific & Technical Instruments · Stock · quarterly payer

$126.48

Overvalued · -16% Add to Portfolio

Forward Yield

1.39%

Annual Dividend

$1.76

Payout Ratio

37%

5-Yr Growth

16.2%

Ex-Date

Aug 28, 2026

Frequency

Quarterly

Key facts about BMI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Badger Meter, Inc. (BMI) has a forward dividend yield of 1.39%, based on an annual dividend of $1.76 per share and a share price of $126.48.
  • As of Oct 18, 2026, BMI's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Badger Meter, Inc. (BMI) has raised its dividend for 21 consecutive years as of Oct 18, 2026.
  • BMI has never cut its regular dividend in the payment history SmarterDividends has on record.
  • BMI's most recent ex-dividend date was Aug 28, 2026, for a dividend of $0.44 per share.
  • As of Oct 18, 2026, BMI pays out 37% of its trailing 12-month earnings as dividends (its payout ratio).
  • BMI's dividend has grown at an average rate of 16.2% a year over the past five years.
  • As of Oct 18, 2026, BMI's 1.39% yield is 87% above its five-year average yield of 0.74%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for BMI is $106.83 per share, 16% below the $126.48 share price, so BMI screens as overvalued.
  • Badger Meter, Inc. (BMI) pays its dividend quarterly, 4 times a year.
  • Badger Meter, Inc. (BMI) has raised its regular dividend 35 times and cut it 0 times across the 147 payments on record since 1990. Its most recent change was a 10.0% increase to $0.440 per share, going ex-dividend on Aug 28, 2026.
Cite this page

SmarterDividends, "BMI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/BMI

Summary

As of Oct 18, 2026, Badger Meter, Inc. (BMI) yields 1.39% ($1.76 a year per share), has a dividend safety grade of A (88/100) and has 21 consecutive years of dividend increases on record.

Is BMI a good dividend stock?

Yes

Badger Meter, Inc. (BMI) pays a quarterly dividend yielding 1.39% ($1.76/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 21 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (37%)
  • Strong 16.2% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
1.39%
Payout Ratio
37%
Annual Dividend
$1.76
5-Yr Avg Growth
16.2%
Ex-Dividend Date
Aug 28, 2026
Years of Growth
21
Frequency
quarterly
Beta
0.64
Market Cap
$3.7B
P/E Ratio
29.6
5-Yr Total Return
24%
52-Week Range
$112.09 – $204.00
Dividend Safety
A · 88/100
Ever Cut?
No

BMI dividend raises and cuts

Badger Meter, Inc. (BMI) has raised its regular dividend 35 times and cut it 0 times across the 147 payments on record since 1990. Its most recent change was a 10.0% increase to $0.440 per share, going ex-dividend on Aug 28, 2026.

Ex-dateChangeOld → newMove
Aug 28, 2026Raise$0.400 → $0.440+10.0%
Aug 22, 2025Raise$0.340 → $0.400+17.6%
Aug 23, 2024Raise$0.270 → $0.340+25.9%
Aug 24, 2023Raise$0.225 → $0.270+20.0%
Aug 25, 2022Raise$0.200 → $0.225+12.5%
Aug 26, 2021Raise$0.180 → $0.200+11.1%
Aug 27, 2020Raise$0.170 → $0.180+5.9%
Aug 29, 2019Raise$0.150 → $0.170+13.3%
Aug 30, 2018Raise$0.130 → $0.150+15.4%
Aug 29, 2017Raise$0.115 → $0.130+13.0%
Aug 29, 2016Raise$0.100 → $0.115+15.0%
Aug 27, 2015Raise$0.0950 → $0.100+5.3%
Show all 35 changes since 1992
Ex-dateChangeOld → newMove
Aug 27, 2014Raise$0.0900 → $0.0950+5.6%
Aug 28, 2013Raise$0.0850 → $0.0900+5.9%
Aug 29, 2012Raise$0.0800 → $0.0850+6.3%
Aug 29, 2011Raise$0.0700 → $0.0800+14.3%
Aug 27, 2010Raise$0.0600 → $0.0700+16.7%
Aug 28, 2009Raise$0.0550 → $0.0600+9.1%
Aug 27, 2008Raise$0.0450 → $0.0550+22.2%
Aug 29, 2007Raise$0.0400 → $0.0450+12.5%
Aug 30, 2006Raise$0.0375 → $0.0400+6.7%
Aug 30, 2005Raise$0.0350 → $0.0375+7.1%
Aug 30, 2004Raise$0.0338 → $0.0350+3.7%
Aug 27, 2003Raise$0.0325 → $0.0338+3.8%
Aug 28, 2002Raise$0.0313 → $0.0325+4.0%
Feb 26, 2001Raise$0.0269 → $0.0313+16.3%
Feb 25, 2000Raise$0.0225 → $0.0269+19.4%
Feb 24, 1999Raise$0.0188 → $0.0225+20.0%
Feb 25, 1998Raise$0.0156 → $0.0188+20.0%
May 28, 1997Raise$0.0138 → $0.0156+13.6%
May 29, 1996Raise$0.0125 → $0.0138+10.0%
May 25, 1995Raise$0.0114 → $0.0125+9.9%
May 25, 1994Raise$0.0103 → $0.0114+10.3%
May 25, 1993Raise$0.0095 → $0.0103+8.6%
May 26, 1992Raise$0.0094 → $0.0095+0.7%
Every BMI payment →Download every raise and cut (CSV)
BMI ex-dividend date & scheduleNext ex-date Aug 28, 2026 · full ex-dividend historyView →BMI dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is BMI a good dividend stock?

Yes. Badger Meter, Inc. (BMI) pays a quarterly dividend yielding 1.39% ($1.76/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is BMI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BMI's fair value is about $106.83 versus a $126.48 share price — so it looks overvalued (-16% vs. fair value).

Is BMI's dividend safe?

BMI has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 21-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is BMI's fair value?

Our blended fair-value estimate for BMI is about $106.83 per share, about 16% below the current $126.48 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BMI a buy, hold, or sell?

We don't issue formal ratings, but on the data BMI screens as "yes" and overvalued. Badger Meter, Inc. (BMI) pays a quarterly dividend yielding 1.39% ($1.76/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will BMI cut its dividend?

BMI earns a dividend-safety grade of A (88/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BMI pay a dividend?

Yes. Badger Meter, Inc. pays a quarterly dividend of about $1.76 per share annually, a forward yield of roughly 1.39%.

What is BMI's dividend yield?

As of Oct 18, 2026, BMI's forward dividend yield is 1.39%, based on a $1.76 annual dividend and a $126.48 share price.

What is BMI's dividend per share?

As of Oct 18, 2026, BMI pays $1.76 per share per year, distributed on a quarterly basis.

What is BMI's dividend payout ratio?

As of Oct 18, 2026, BMI's payout ratio is 37% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has BMI grown its dividend?

As of Oct 18, 2026, BMI has increased its dividend for 21 consecutive years.

When is the next BMI ex-dividend date?

As of Oct 18, 2026, BMI's next ex-dividend date hasn't been announced. The most recent was Aug 28, 2026, for $0.44 per share.

BMI Dividend News

BMI
IncreaseBMI·Aug 30, 2026

Badger Meter Raises Dividend 10.0% to $0.44

Badger Meter lifted its quarterly dividend 10.0% to $0.44, extending its growth record as utility-water project deployments begin to recover.

Income Calculator

At $1.76 / yr per share

Per payment (quarterly)$44.00
Annual$176.00
Monthly avg$14.67

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