nVent Announces Quarterly Cash Dividend

Rhea-AI Summary

nVent Electric plc (NYSE: NVT) has announced its upcoming quarterly cash dividend. The company will distribute $0.19 per ordinary share to shareholders. This dividend is scheduled to be paid on November 1, 2024. To be eligible for this payment, investors must be shareholders of record at the close of business on October 18, 2024.

This announcement demonstrates nVent's commitment to providing regular returns to its shareholders. The dividend payment is part of the company's ongoing financial strategy to reward investors while maintaining its financial stability.

Positive

• Regular quarterly dividend of $0.19 per share announced
• Consistent dividend payments indicate financial stability

Negative

• None.

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE: NVT) announced today that it will pay a regular quarterly cash dividend of US$0.19 per ordinary share on November 1, 2024, to shareholders of record at the close of business on October 18, 2024.

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, RAYCHEM and SCHROFF.

nVent CADDY, ERICO, HOFFMAN, ILSCO, RAYCHEM and SCHROFF are trademarks owned or licensed by nVent Services GmbH or its affiliates.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “forecasts,” “should,” “would,” “could,” “positioned,” “strategy,” “future,” “are confident,” or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. All statements about the Thermal Management transaction, including the anticipated benefits of the sale and the anticipated time for completing the sale, are also forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or ­­implied by such forward-looking statements. Among these factors are adverse effects on our business operations or financial results, including due to the ability to complete the pending sale of the Thermal Management business on anticipated terms and timetable and the expected net proceeds from such sale and use thereof; the overall global economic and business conditions impacting our business; the ability to achieve the benefits of our restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions, including ECM Industries, Trachte, and other recent acquisitions; competition and pricing pressures in the markets we serve, including the impacts of tariffs; volatility in currency exchange rates, interest rates and commodity prices; inability to generate savings from excellence in operations initiatives consisting of lean enterprise, supply management and cash flow practices; inability to mitigate material and other cost inflation; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging and transportation; increased risks associated with operating foreign businesses, including risks associated with military conflicts, such as that between Russia and Ukraine, and related sanctions; the ability to deliver backlog and win future project work; failure of markets to accept new product introductions and enhancements; the impact of changes in laws and regulations, including those that limit U.S. tax benefits; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating goals. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this press release. nVent assumes no obligation, and disclaims any obligation, to update the information contained in this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240922893032/en/

Investor Contact

Tony Riter

Vice President, Investor Relations

nVent

763.204.7750

Tony.Riter@nVent.com

Media Contact

Stacey Wempen

Director, External Communications

nVent

763.204.7857

Stacey.Wempen@nVent.com

Source: nVent

FAQ

What is the amount of nVent's (NVT) quarterly dividend for 2024?

nVent Electric plc (NYSE: NVT) has announced a quarterly cash dividend of $0.19 per ordinary share.

When will nVent (NVT) pay its next quarterly dividend?

nVent will pay its next quarterly dividend on November 1, 2024.

What is the record date for nVent's (NVT) upcoming dividend?

The record date for nVent's upcoming dividend is October 18, 2024. Shareholders must be on record by the close of business on this date to be eligible for the dividend payment.

How often does nVent Electric (NVT) pay dividends?

Based on the announcement of a 'regular quarterly cash dividend', nVent Electric plc pays dividends on a quarterly basis.