Badger Meter, Inc. (NYSE:BMI), a global leader in smart water management solutions, today announced that its Board of Directors ("the Board") declared a regular quarterly cash dividend of $0.40 per share, payable on December 5, 2025, to shareholders of record on November 21, 2025.

In addition, the Board approved a new share repurchase authorization for up to $75 million of the Company's outstanding common stock through November 30, 2028. The new share repurchase authorization replaces the existing authorization that was approved by the Board in February 2023 and set to expire in February 2026. Under the existing authorization, the Company purchased 82,448 shares of its common stock for an aggregate purchase price of approximately $15 million during the fourth quarter of 2025.

The new share repurchase program authorizes the Company to purchase shares from time to time in the open market, through privately negotiated transactions, or via other methods in accordance with applicable securities laws and other relevant legal requirements. The timing, frequency and amount of share repurchases will depend on capital allocation priorities, market conditions, share price and trading volume amongst other factors. The announcement of this share repurchase program does not obligate the Company to execute any specific dollar amount or number of shares or complete the program, and it may be extended, modified, suspended, or discontinued at any time.

Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer, stated, "Our strong balance sheet, history of free cash flow generation and durable business model position us well to capitalize on the secular trends that will drive growth in our industry. Disciplined adherence to our capital allocation framework has served both the company and shareholders well over time. Returning capital to shareholders via dividend growth has been a consistent component of total shareholder return for 33 consecutive years. The expansion of our share repurchase authorization gives us added flexibility to continue opportunistic buyback activity when our shares appear undervalued by the market, further enhancing our ability to deliver long-term shareholder value."

Forward Looking Statements

Certain statements contained in this news release, as well as other information provided from time to time by Badger Meter, Inc. or its employees, may contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those statements. The words "anticipate," "believe," "estimate," "expect," "think," "should," "could" and "objective" or similar expressions are intended to identify forward looking statements. All such forward-looking statements are based on the Company's then current views and assumptions and involve risks and uncertainties. The Company's results are subject to its ability to develop and manufacture technologically advanced products that are accepted by the market, supply chain risk, legal and regulatory risks, political and general economic risks, risks related to doing business in foreign countries, including foreign currency risk, competition for skilled employees, material and labor cost increases, competitive pricing and operating efficiencies, the effects of climate change, cybersecurity attacks and disruptions to our information technology and the successful integration of acquisitions. See the Company's Form 10-K filed with the SEC for further information regarding risk factors, which are incorporated herein by reference. The Company disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.

About Badger Meter

With more than a century of water technology innovation, Badger Meter provides comprehensive water management solutions through its BlueEdge^™ suite. This tailorable portfolio of smart measurement hardware, reliable communications, data visualization and analytics software and ongoing support and industry expertise give customers the edge in optimizing their operations and contributing to the sustainable use and protection of the world's most precious resource. For more information, visit www.badgermeter.com.

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Barbara Noverini, CFA

(414) 371-8144

bnoverini@badgermeter.com