Does Zurn Elkay Water Solutions (ZWS) Pay a Dividend? (2026)

Last updated July 2026

Short answer

Yes. Zurn Elkay Water Solutions (ZWS) pays a dividend yielding about 0.94% as of September 2026, paid quarterly, four times a year. The latest payment on record was $0.11 per share, ex-dividend August 20, 2026. The forward annual rate is roughly $0.44 per share, about $94 a year on a $10,000 position before tax. The payout takes about 26% of earnings. Figures are approximate and dated; verify the current number with your broker.

Does Zurn Elkay Water Solutions (ZWS) pay a dividend?

Yes. Zurn Elkay Water Solutions distributes a dividend yielding roughly 0.94% as of September 2026, paid quarterly, four times a year. The most recent payment on record was $0.11 per share, with an ex-dividend date of August 20, 2026. Annualized, that is about $0.44 per share.

ZWS delivered roughly $433 million of revenue in Q1 2026, up about 11 percent, with adjusted EBITDA margins near 27 percent and net leverage around 0.5 times. Trailing revenue sits near $1.74 billion and the company generates steady free cash flow. The stock trades at a premium multiple in the high-30s on earnings, reflecting its water-focused growth and margin profile.

ZWS dividend at a glance

Dividend yield
0.94%
Annual rate / share
$0.44
Payout ratio
26.09%
Ex-dividend date
2026-08-20
Recent payments per share
2026-08-20$0.11
2026-05-20$0.11
2026-02-20$0.11
2025-11-20$0.11
2025-08-20$0.09
2025-05-20$0.09

ZWS dividend data as of September 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with ZWS's investor relations page before relying on it.

Is the ZWS dividend covered?

Zurn Elkay Water Solutions paid out about 26% of its earnings as dividends, so the payout is very well covered. A low ratio means the dividend has plenty of room and the company is keeping most of its profit to reinvest or buy back stock, which is also why the yield is modest.

Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.

How the ZWS dividend has changed

The latest payment of $0.11 per share compares with $0.0900 in the equivalent payment a year earlier (August 20, 2025). That is a change of 22.2% over the year.

A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on ZWS's investor relations page.

What ZWS's dividend means for you

  • Income: about $94 a year per $10,000 invested, before tax.
  • Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
  • Total return: for ZWS the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
  • Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
  • If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.

How ZWS dividends are taxed

Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.

The bottom line on the ZWS dividend

Zurn Elkay Water Solutions (ZWS) pays about 0.94%, or roughly $0.44 per share a year. At that level the dividend is a modest supplement rather than the reason to own it: the case rests on total return. For the full picture see the ZWS guide. Walnut can show how ZWS fits your real portfolio. It is not an investment adviser.

Investing in Zurn Elkay Water Solutions with AI

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FAQ

Does Zurn Elkay Water Solutions (ZWS) pay a dividend?

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Yes. Zurn Elkay Water Solutions pays a dividend yielding roughly 0.94% as of September 2026, paid quarterly, four times a year. The most recent payment on record was $0.11 per share with an ex-dividend date of August 20, 2026. That works out to a forward annual rate of about $0.44 per share. Yields move with the share price, so verify the current figure with your broker or ZWS's investor relations page before relying on it.

What is ZWS's dividend yield?

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About 0.94% as of September 2026. On a $10,000 position that is roughly $94 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so ZWS yields about the same as the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.

How often does ZWS pay its dividend?

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Zurn Elkay Water Solutions pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of August 20, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on ZWS's investor relations page, because boards can change both the amount and the timing.

When is ZWS's ex-dividend date?

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The ex-dividend date recorded in our September 2026 data pull is August 20, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check ZWS's investor relations page for the next confirmed date.

How much is ZWS's dividend per share?

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$0.11 per share in the most recent payment (ex-date August 20, 2026), which annualizes to about $0.44 per share. The equivalent payment a year earlier was $0.0900. That is a change of 22.2% year over year.

Has Zurn Elkay Water Solutions raised its dividend recently?

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Yes. The latest payment of $0.11 per share is above the $0.0900 paid in the same slot a year earlier, an increase of about 22.2%. One raise is not a policy, though: check the multi-year record on ZWS's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.

Is ZWS's dividend safe?

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Zurn Elkay Water Solutions paid out about 26% of its earnings as dividends, so the payout is very well covered. A low ratio means the dividend has plenty of room and the company is keeping most of its profit to reinvest or buy back stock, which is also why the yield is modest. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.

How much would I earn in dividends from a $10,000 position in ZWS?

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At a yield of about 0.94%, roughly $94 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.

Are ZWS dividends qualified for tax purposes?

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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.

Should I reinvest ZWS dividends?

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Most brokers offer automatic reinvestment (a DRIP) that puts each ZWS payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.

Does ZWS pay a dividend?

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Yes, Zurn Elkay pays a modest quarterly dividend and also returns cash through share repurchases. Its low net leverage supports steady capital return alongside reinvestment.

Walnut is informational, not investment advice. Dividend figures on this page come from a September 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with ZWS's investor relations page or your broker before acting on them.

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