Badger Meter, Inc.
BMI21 yrs growthTechnology · Stock · quarterly payer
Forward Yield
1.27%
Annual Dividend
$1.76
Payout Ratio
37%
5-Yr Growth
16.2%
Ex-Date
Aug 28, 2026
Frequency
Quarterly
Summary
As of August 2026, Badger Meter, Inc. (BMI) yields 1.27% ($1.76 per share annually), with a blended fair-value estimate of $124.23 — -8% downside, so it screens as fairly valued. Dividend safety grade: A (88/100). 21 years of dividend growth.
Is BMI a good dividend stock?
YesBadger Meter, Inc. (BMI) pays a quarterly dividend yielding 1.27% ($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
- 1.27%
- 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
- $3.9B
- P/E Ratio
- 31.8
- 5-Yr Total Return
- 34%
- 52-Week Range
- $112.09 – $204.00
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
Frequently Asked Questions
BMI Price — Last 12 Months
Daily close
Price Return
1 Year
-24%
3 Years
-6%
5 Years
+34%
52-Week Range
$112.09 – $204.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BMI worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Badger Meter, Inc. is $124.23 per share, versus a market price of $135.61. That implies the stock is roughly fairly priced.
Fair Value
$124.23
Current Price
$135.61
Gap
-8%
Margin of Safety
-9%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 9.9% annual free-cash-flow growth. We model 14.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.5% discount rate (CAPM), 14.2% stage-1 growth, 2.5% terminal growth, $4.19 EPS, $1.76 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BMI Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 28, 2026 | — | $0.4400 | regular |
| May 22, 2026 | — | $0.4000 | regular |
| Feb 27, 2026 | — | $0.4000 | regular |
| Nov 21, 2025 | — | $0.4000 | regular |
| Aug 22, 2025 | — | $0.4000 | regular |
| May 23, 2025 | — | $0.3400 | regular |
| Feb 28, 2025 | — | $0.3400 | regular |
| Nov 22, 2024 | — | $0.3400 | regular |
| Aug 23, 2024 | — | $0.3400 | regular |
| May 23, 2024 | — | $0.2700 | regular |
| Feb 22, 2024 | — | $0.2700 | regular |
| Nov 22, 2023 | — | $0.2700 | regular |
| Aug 24, 2023 | — | $0.2700 | regular |
| May 25, 2023 | — | $0.2250 | regular |
Income Calculator
At $1.76 / yr per share
