Stocks

The Remarkable Ascent of Badger Meter: A Dividend-Growth Stock for the Long Haul

Published February 14, 2024

Investors looking for a robust dividend-growth stock may find a compelling opportunity in Badger Meter, Inc. BMI, a company that has shown remarkable growth of 5,660% since the year 2000. With a history of manufacturing and marketing innovative flow measurement, control, quality, and communication solutions, BMI has established a strong presence in various international markets, including the United States, Asia, Canada, Europe, Mexico, the Middle East, and beyond.

Understanding Badger Meter's Business

Headquartered in Milwaukee, Wisconsin, BMI operates within the industrial goods sector, providing essential technologies for public utility and industrial customers. Their products are vital for water and gas utilities, proving to be increasingly crucial as the need for efficient resource management grows worldwide. In an era focusing on sustainability and environmental conservation, BMI's solutions are positioned to become even more significant in the coming decades.

The Investment Potential of BMI

The impressive stock performance of BMI since the turn of the millennium is not merely a historical statistic; it serves as an indicator of the company's consistent growth and potential for future expansion. BMI has demonstrated an ability to innovate and adapt, ensuring their place at the forefront of their industry. For investors, this translates into potential long-term gains and a reliable source of growing dividend income, supporting the idea of BMI as a 'buy and hold forever' stock.

Dividend Growth and Financial Health

BMI's commitment to providing dividends is further evidence of its stability and shareholder-friendly policies. The company's financial health, marked by solid revenues and prudent management, underpins its ability to continually reward investors. This pattern of dividend growth aligns with the attributes sought after by income-focused investors who aim to build wealth over time through reinvested dividends and capital appreciation.

Investment, Dividend, Growth