MILWAUKEE - Zurn Elkay Water Solutions Corporation (NYSE: ZWS) announced a quarterly dividend of $0.08 per share, scheduled for payment on September 6, 2024, to shareholders on record as of August 20, 2024. This update comes as part of the company's ongoing financial declarations.
Zurn Elkay Water Solutions, recognized as one of America’s Most Responsible Companies by Newsweek for four years running, is a company focused on water management solutions. Their offerings span across a variety of products designed for water safety, control, and hygiene, aimed at enhancing health, hydration, and environmental sustainability.
The dividend declaration reflects the company's commitment to delivering value to its shareholders and is a part of its regular financial operations. Dividends are a way for companies to distribute a portion of their earnings back to shareholders, and Zurn Elkay's consistent declaration of dividends may be seen as a sign of financial stability and confidence in its business model.
It is important to note that while the company has made forward-looking statements about its future, these statements are subject to various risks and uncertainties that could cause actual results to differ. Investors are advised to refer to the company's filings with the SEC, including its most recent Form 10-K, for a detailed discussion of potential risks.
This announcement is based on a press release statement from Zurn Elkay Water Solutions Corporation and does not include any promotional content or subjective assessment. It is intended to provide shareholders and the investment community with the latest information regarding the company's dividend policy.
In other recent news, Zurn Elkay Water Solutions Corporation has announced a quarterly dividend of $0.08 per share, set for a June payout. This dividend is part of the company's regular efforts to deliver value to its shareholders. The Milwaukee-based company has a diverse product portfolio that includes solutions for water safety and control, flow systems, hygienic products, and filtered drinking water.
Zurn Elkay maintains a market approach focused on growth and sustainability, distinguishing itself in the industry. However, the company's forward-looking statements are subject to risks and uncertainties, and actual results may differ from current anticipations.
Shareholders and interested parties are urged to review the company's SEC filings for a thorough understanding of performance and risk factors. These are recent developments in the company's ongoing commitment to sustainable water management practices.
InvestingPro Insights
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has recently made headlines with its dividend announcement, reinforcing its position as a company committed to shareholder returns. To understand the investment landscape of ZWS further, let's delve into some key metrics and insights from InvestingPro.
InvestingPro Data reveals a market capitalization of $5.47 billion, which is significant for a company in the water management solutions sector. The company's P/E ratio stands at 43.98, which, when adjusted for the last twelve months as of Q1 2024, shows a slight decrease to 39.22, indicating a potential improvement in earnings relative to its share price. Furthermore, the PEG ratio for the same period is 0.42, suggesting that ZWS's earnings growth might be undervalued relative to its peers.
One of the InvestingPro Tips that stands out for Zurn Elkay is its "perfect Piotroski Score of 9," which speaks volumes about the company's financial health. This score is a testament to the company's strong fiscal stance, considering it encompasses aspects such as profitability, leverage, liquidity, and operating efficiency. Moreover, the company is "expected to grow its net income this year," which aligns well with the dividend declaration and could be a positive sign for investors looking for growth as well as income.
Investors interested in a deeper analysis can find more InvestingPro Tips by visiting https://www.investing.com/pro/ZWS. For those looking to subscribe for detailed insights, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. Currently, there are 9 additional InvestingPro Tips available for ZWS, providing a comprehensive look at the company's financial health and market position. These tips could be invaluable for making informed investment decisions in the context of Zurn Elkay's recent dividend announcement and overall business strategy.
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