Badger Meter (BMI) Dividend Capture: 0.26% per event (1.3% annualized)
BMI
Badger Meter (BMI) has touched its pre-ex close within 30 trading days in 100% of the last 20 ex-dividend events, with a median time-to-touch of 1 trading day (limit-order recovery basis). The dividend is below the typical daily price swing (signal-to-noise 0.08), meaning ordinary day-to-day noise can easily exceed the dividend itself.
Versus its sector, BMI sits roughly in line with the Technology sector benchmark of 95%. The sector median time-to-touch is 1 trading day, matching the peer pace.
Historical base rates are not predictions; transaction costs, slippage, and ordinary-income tax on short holding periods can materially reduce realized profit. The next confirmed ex-dividend date is May 22, 2026, with an expected dividend of $0.40.
- Touch rate (30d)
- 100%+5pp vs sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise
- 0.08-0.08 vs sector
Recovery engine
TL;DR over the most recent 20 events.
- 30-day touch rate
- 100%+5pp vs sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise (div / ATR)
- 0.08-0.08 vs sector
- Avg gap on ex-date
- -0.09%+0.24pp vs sector
- Win rate at MOC exit
- 65%
- Median drawdown during hold
- -3.09%+1.60pp vs sector
- Best / worst touch (days)
- 1 / 24
Next ex-dividend
Confirmed by company declaration.
- Dividend
- $0.40
- Per-event yield
- 0.26%
- Annualized yield
- 1.32%
- Previously paid
- Feb 27, 2026 ($0.40)
- Last record date
- Feb 27, 2026
- Last payment date
- Mar 13, 2026
How BMI ranks in Technology
Compared with other stocks in this sector that pass our capture-quality filter (48 tickers). Lower rank number is better on every metric below.
- 30-day touch rate#1of 48
Beats ~98% of peers on this metric
- Median days to touch#1of 48
Beats ~98% of peers on this metric
- Signal-to-noise#34of 48
Beats ~29% of peers on this metric
BMI Dividend Capture History — Last 20 Ex-Dividend Events
Per-event gap on ex-date, the pre-ex close used as the touch target, trading days to first intraday high at or above that level, plus 5/30-day touch flags, drawdown and 5-day P&L for Badger Meter (BMI). For a stricter close-at-bell exit timeline, use the simulator below (MOC mode). td = trading days from ex-date.
| Recovered 5d | Recovered 30d | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Q1 | $0.40 | -1.52% | $156.17 | 24 | no | yes | -8.33% | -4.43% | |
| Q4 | $0.40 | 0.36% | $168.16 | 1 | yes | yes | 0.05% | +3.29% | |
| Q3 | $0.40 | 0.80% | $183.45 | 1 | yes | yes | -2.86% | -0.07% | |
| Q2 | $0.34 | -2.06% | $243.67 | 1 | yes | yes | -2.06% | +3.45% | |
| Q1 | $0.34 | -0.46% | $208.04 | 1 | yes | yes | -7.41% | +2.10% | |
| Q4 | $0.34 | 0.25% | $219.23 | 1 | yes | yes | -1.76% | +0.76% | |
| Q3 | $0.34 | 0.34% | $203.30 | 1 | yes | yes | -6.50% | +1.96% | |
| Q2 | $0.27 | 0.66% | $199.38 | 1 | yes | yes | -6.71% | -3.08% | |
| Q1 | $0.27 | 0.24% | $155.69 | 1 | yes | yes | -1.21% | +2.10% | |
| Q4 | $0.27 | 1.31% | $147.34 | 1 | yes | yes | -1.34% | +0.20% | |
| Q3 | $0.27 | -0.17% | $162.84 | 1 | yes | yes | -3.24% | +2.16% | |
| Q2 | $0.23 | 0.48% | $138.40 | 1 | yes | yes | -1.50% | +4.93% | |
| Q1 | $0.23 | 0.42% | $118.10 | 1 | yes | yes | -2.24% | +3.04% | |
| Q4 | $0.23 | 0.12% | $117.12 | 1 | yes | yes | -5.17% | -1.66% | |
| Q3 | $0.23 | 0.11% | $98.17 | 1 | yes | yes | -6.12% | -3.17% | |
| Q2 | $0.20 | 0.78% | $76.92 | 1 | yes | yes | -1.37% | +5.69% | |
| Q1 | $0.20 | -3.00% | $97.37 | 1 | yes | yes | -4.12% | +2.30% | |
| Q4 | $0.20 | -0.66% | $110.15 | 1 | yes | yes | -8.13% | -4.52% | |
| Q3 | $0.20 | -0.46% | $105.95 | 2 | yes | yes | -3.54% | +0.31% | |
| Q2 | $0.18 | 0.56% | $94.86 | 1 | yes | yes | -2.94% | -1.27% |
Q1
- Dividend
- $0.40
- Gap %
- -1.52%
- Pre-ex close
- $156.17
- High touch (td)
- 24
- Recovered 5d
- no
- Recovered 30d
- yes
- Drawdown
- -8.33%
- P&L 5d %
- -4.43%
Q4
- Dividend
- $0.40
- Gap %
- 0.36%
- Pre-ex close
- $168.16
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- 0.05%
- P&L 5d %
- +3.29%
Q3
- Dividend
- $0.40
- Gap %
- 0.80%
- Pre-ex close
- $183.45
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.86%
- P&L 5d %
- -0.07%
Q2
- Dividend
- $0.34
- Gap %
- -2.06%
- Pre-ex close
- $243.67
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.06%
- P&L 5d %
- +3.45%
Q1
- Dividend
- $0.34
- Gap %
- -0.46%
- Pre-ex close
- $208.04
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -7.41%
- P&L 5d %
- +2.10%
Q4
- Dividend
- $0.34
- Gap %
- 0.25%
- Pre-ex close
- $219.23
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.76%
- P&L 5d %
- +0.76%
Q3
- Dividend
- $0.34
- Gap %
- 0.34%
- Pre-ex close
- $203.30
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -6.50%
- P&L 5d %
- +1.96%
Q2
- Dividend
- $0.27
- Gap %
- 0.66%
- Pre-ex close
- $199.38
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -6.71%
- P&L 5d %
- -3.08%
Q1
- Dividend
- $0.27
- Gap %
- 0.24%
- Pre-ex close
- $155.69
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.21%
- P&L 5d %
- +2.10%
Q4
- Dividend
- $0.27
- Gap %
- 1.31%
- Pre-ex close
- $147.34
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.34%
- P&L 5d %
- +0.20%
Q3
- Dividend
- $0.27
- Gap %
- -0.17%
- Pre-ex close
- $162.84
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.24%
- P&L 5d %
- +2.16%
Q2
- Dividend
- $0.23
- Gap %
- 0.48%
- Pre-ex close
- $138.40
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.50%
- P&L 5d %
- +4.93%
Q1
- Dividend
- $0.23
- Gap %
- 0.42%
- Pre-ex close
- $118.10
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.24%
- P&L 5d %
- +3.04%
Q4
- Dividend
- $0.23
- Gap %
- 0.12%
- Pre-ex close
- $117.12
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -5.17%
- P&L 5d %
- -1.66%
Q3
- Dividend
- $0.23
- Gap %
- 0.11%
- Pre-ex close
- $98.17
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -6.12%
- P&L 5d %
- -3.17%
Q2
- Dividend
- $0.20
- Gap %
- 0.78%
- Pre-ex close
- $76.92
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.37%
- P&L 5d %
- +5.69%
Q1
- Dividend
- $0.20
- Gap %
- -3.00%
- Pre-ex close
- $97.37
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -4.12%
- P&L 5d %
- +2.30%
Q4
- Dividend
- $0.20
- Gap %
- -0.66%
- Pre-ex close
- $110.15
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -8.13%
- P&L 5d %
- -4.52%
Q3
- Dividend
- $0.20
- Gap %
- -0.46%
- Pre-ex close
- $105.95
- High touch (td)
- 2
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.54%
- P&L 5d %
- +0.31%
Q2
- Dividend
- $0.18
- Gap %
- 0.56%
- Pre-ex close
- $94.86
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.94%
- P&L 5d %
- -1.27%
BMI Pre-Ex Touch Time Distribution
- ≤ 1 day1890%
- 2–3 days15%
- 4–5 days00%
- 6–10 days00%
- 11–30 days15%
- 30+00%
90% within 1d · 95% within 5d · 100% within 30d
BMI Dividend Capture Calculator — After-Tax Yield
Pre-filled with BMI's next expected dividend and recent close. Adjust tax rate, holding period and slippage to estimate after-tax capture yield.
Holding shorter than the IRS 61-day rule disqualifies the dividend from “qualified” status — it is taxed as ordinary income at your marginal rate. Adjust Tax % accordingly.
- Gross dividend
- $80.00
- After-tax dividend
- $52.00
- Slippage round-trip
- -$31.23
- Net if price returns to pre-ex
- +$20.77
- Required recovery to break even
- 0.00%
- Per-event after-tax yield
- +0.07%
- Annual if all succeed
- ~3.4%
BMI Dividend Capture Backtest Simulator
Replay every historical BMI ex-dividend with two exit strategies: a GTC limit-order at the pre-ex close (limit-order P&L on first intraday touch), or hold for N days and exit at MOC. Pick the window and quarter filter that matches your plan and see realized P&L per event.
Sell back at the pre-ex close on the first intraday touch within the window. If it never touches, exit at MOC after the window expires (stop-loss).
Figures are gross — before tax, commissions, and slippage. Percents are per-event return on capital at entry (pre-ex close).
Cumulative P&L (equity curve)
Vertical axis: cumulative sum of per-event % (same units as the headline cumulative). Hover dots for exact values.
Per-event P&L distribution
20 trades in this sample · bar height ∝ count in each bucket (gross % per event).
Scenario P&L by event · BMI (20)
Scenario P&L — updates with exit mode, window, and quarter. History adds gap, touch, drawdown, and a fixed P&L 5d % (MOC). Same per-row % as that column only for MOC + 5d on the same rows. Oldest → newest, gross pre-ex close basis.
| Ex-date | P&L |
|---|---|
| +0.19% | |
| +0.19% | |
| +0.18% | |
| +0.21% | |
| +0.26% | |
| +0.23% | |
| +0.19% | |
| +0.19% | |
| +0.16% | |
| +0.17% | |
| +0.18% | |
| +0.17% | |
| +0.14% | |
| +0.17% | |
| +0.16% | |
| +0.16% | |
| +0.14% | |
| +0.22% | |
| +0.24% | |
| -4.43% |
Looking for full price seasonality? See BMI seasonality →
Frequently asked questions
What is the dividend capture success rate for BMI?
Across the last 20 ex-dividend events for Badger Meter (BMI), the post-ex intraday high reached the pre-ex close within 30 trading days in 100% of cases, with a median time-to-touch of 1 trading day. We measure recovery via intraday high because that is when a GTC limit-order at the pre-ex close would actually fill, ending the trade at break-even with the dividend pocketed.
How long does it take BMI to recover its dividend gap?
Historically, BMI touches its pre-ex close in a median of 1 trading day, with the best case at 1 and the worst case at 24 trading days within our 30-day measurement window. A stricter close-based recovery (mark-to-MOC) is also computed in the database; explore it with the per-ticker simulator’s “Hold N days, exit MOC” mode rather than in the event table.
Is the dividend on BMI large enough to capture?
BMI has a signal-to-noise ratio of 0.08 (dividend / 14-day ATR). Values above 1.0 indicate the dividend is larger than the typical daily price swing, making capture trades more viable; below 0.5 means typical daily noise can easily wipe out the gain.
When is the next ex-dividend date for BMI?
The next ex-dividend date for Badger Meter (BMI) is May 22, 2026, confirmed (declared by the company).
How does BMI compare to its sector for dividend capture?
Within Technology, the median 30-day pre-ex touch rate is 95%. BMI sits at 100% — above the sector benchmark.
Why does BMI dividend capture measure recovery via intraday high, not close?
A realistic capture trade exits via a GTC limit-order at the pre-ex close: the moment the post-ex intraday high touches that level, the order fills and the trader pockets the dividend at break-even. Measuring recovery via close is stricter (mark-to-MOC); we expose that path in the per-ticker simulator as the "Hold N days, exit MOC" mode. The high-based primary metric directly answers the trader-facing question "would my limit have filled?" — close-based answers "would I have been flat at the bell?".
How are dividend capture trades taxed in the US?
Holding period matters. Dividends are "qualified" (taxed at the long-term capital gains rate, 0/15/20%) only when the underlying shares are held for more than 60 days during the 121-day window centered on the ex-dividend date. Dividend capture trades typically hold less than 61 days, so the dividend is taxed at your ordinary income bracket. Always consult a qualified tax advisor.
What are the main risks of a dividend capture strategy?
Three structural risks: (1) the share price may not recover the gap within your holding window; (2) ordinary-income tax can consume the after-tax yield; (3) transaction costs and bid/ask slippage can wipe out small dividends. Historical statistics measure base rates; they do not guarantee any single trade will work.