EL7.AI
StocksMedium•22 October 2026•
2 min read

Zurn Elkay set July dividend at $0.11 a share as earnings grew

Key Facts

1The company forecast free cash flow of at least $350 million for fiscal 2026 in its July earnings announcement, excluding the net impact of tariff refunds.
2Share repurchases totaled $100 million and dividends paid totaled $37 million during the first half of 2026.
3Second-quarter 2026 sales totaled about $491 million, compared with $445 million in the corresponding period of 2025.
4Adjusted earnings per share rose to $0.50 in the second quarter of 2026 from $0.42 a year earlier.
5The July announcement set the quarterly cash dividend at $0.11 a share.

Zurn Elkay Water Solutions set a quarterly cash dividend of $0.11 a share, according to the company's July 2026 announcement, against a backdrop of share repurchases and dividend payments to shareholders during the first half of the year. The announcement set September 4, 2026, as the cash payment date. Shareholders of record on August 20, 2026, were eligible to receive it under the terms of the announcement. In the second-quarter results announcement issued in July, Todd Adams said total share repurchases during the first half of 2026 reached $100 million. He added that the company also paid $37 million in dividends during the same period. Adams said the repurchases came "alongside dividend payments," pointing to the two channels for returning cash to shareholders during the first half.

On financial performance, Zurn Elkay reported net sales of $491 million in the second quarter of 2026, compared with $445 million in the corresponding period of 2025, according to the rounded figures in its earnings summary. Adjusted earnings per share rose to $0.50 from $0.42 a year earlier, alongside the increase in sales between the two periods. The company attributed the improvement in operating earnings, excluding the impact of tariff refunds, to sales growth and productivity initiatives. It described the sales contribution as "sales growth, including the impact of pricing," identifying pricing as one of the factors supporting the operating improvement. It also cited productivity initiatives as a reason for the earnings improvement in its explanation of performance excluding the impact of tariff refunds.

In its dividend history, Investing.com records a previous Zurn Elkay dividend of $0.09 a share, associated with an ex-dividend date of August 20, 2025. The company's business includes condensing tankless water heaters under the Intellihot brand, according to its official website. These products serve commercial and industrial applications as part of the company's water solutions business. For fiscal 2026, Zurn Elkay forecast free cash flow of "at least $350 million" in its July earnings announcement. The company excluded the net impact of tariff refunds from that forecast.