Badger Meter (BMI) Continues to Deliver Strong Growth and Dividend Consistency

Badger Meter, Inc. (NYSE:BMI) is included among the 10 Best Rising Dividend Stocks to Buy Now.

Badger Meter, Inc. (NYSE:BMI) is widely regarded as a high-quality company, praised for its solid operational performance and the potential to expand profit margins within an attractive industry. While its flow measurement and advanced metering infrastructure products might not immediately suggest significant growth, the company has consistently defied expectations. Over the past five years, the company’s sales and free cash flow have increased by 15% and 16% respectively, while management has boosted the dividend by 14% during the same period.

With most US water and sewer utilities still relying on outdated mechanical systems, Badger Meter, Inc. (NYSE:BMI)’s comprehensive BlueEdge solution is designed to modernize these operations. Beyond benefiting from this long-term industry trend, the company has a strong history of strategic acquisitions, having acquired 14 companies since 2010, further strengthening its market position.

The dividend adds to Badger Meter, Inc. (NYSE:BMI) appeal for income-focused investors. On August 11, the company raised its quarterly dividend by 17.6% to $0.40 per share, extending its dividend growth streak to 33 years. As of October 28, the stock offers a dividend yield of 0.87%.

While we acknowledge the potential of BMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.