5 Best Consistent Dividend Stocks to Buy

4. Badger Meter, Inc. (NYSE:BMI)

Consecutive Years of Dividend Growth: 30
5-Year Average Payout Ratio: 43.7%

Badger Meter, Inc. (NYSE:BMI) is an American company that provides industry-leading water solutions to its consumers. In the fourth quarter of 2022, the company posted revenue of $147.3 million, up 8.5% from the prior-year period. The company operating cash flow for the quarter came in at $29.7 million.

On February 10, Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend of $0.225 per share, which fell in line with its previous dividend. In 2022, the company achieved its 30 years streak of dividend growth. The stock has a dividend yield of 0.74%, as recorded on February 28. The company’s 5-year average dividend payout ratio came in at 43.7%.

At the end of December 2022, 19 hedge funds in Insider Monkey’s database reported owning stakes in Badger Meter, Inc. (NYSE:BMI), compared with 20 a quarter earlier. These stakes have a collective value of $192.8 million.