Badger Meter Increases Dividend.Business Editors MILWAUKEE--(BUSINESS WIRE)--Aug. 16, 2002 Badger badger, name for several related members of the weasel family. Most badgers are large, nocturnal, burrowing animals, with broad, heavy bodies, long snouts, large, sharp claws, and long, grizzled fur. Meter, Inc. (AMEX AMEX See: American Stock Exchange : BMI BMI body mass index. BMI abbr. body mass index Body mass index (BMI) A measurement that has replaced weight as the preferred determinant of obesity. ) today announced a 4% increase in its quarterly common stock dividend to 26 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. from 25 cents per share. The increased dividend is payable September 13, 2002 to shareholders of record August 30, 2002. The new annual dividend rate for the common stock is $1.04 per share. "This is our tenth consecutive year of increased dividend payments. The increase reflects our strong performance in the first half of 2002 and our continued confidence in the long-term growth potential of Badger Meter," said Richard A. Meeusen, president and chief executive officer. Badger Meter is a leading marketer and manufacturer of products using flow measurement and control technology serving utility and industrial markets worldwide. |
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