Badger Meter increases dividend

MILWAUKEE, Wis., Aug. 16, 2002 -- Badger Meter Inc. recently announced a 4% increase in its quarterly common stock dividend to 26 cents per share from 25 cents per share.

The increased dividend is payable September 13, 2002 to shareholders of record August 30, 2002. The new annual dividend rate for the common stock is $1.04 per share.

"This is our tenth consecutive year of increased dividend payments. The increase reflects our strong performance in the first half of 2002 and our continued confidence in the long-term growth potential of Badger Meter," said Richard A. Meeusen, president and chief executive officer.

Badger Meter is a leading marketer and manufacturer of products using flow measurement and control technology serving utility and industrial markets worldwide.