nVent Announces Quarterly Cash Dividend

Rhea-AI Summary

nVent Electric plc (NYSE: NVT) has announced a quarterly cash dividend of US$0.175 per share, payable on November 4, 2022, to shareholders of record as of October 21, 2022. The company emphasizes its role as a global leader in electrical connection and protection solutions, providing products that enhance safety and security in critical environments. With a diverse portfolio, nVent is committed to innovation and quality, aiming to support its shareholders and drive growth in the electrical solutions sector.

Positive

• Quarterly cash dividend of US$0.175 per share boosts shareholder income.
• Continued commitment to innovation and quality enhances brand reputation.

Negative

• None.

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE: NVT) announced today that it will pay a regular quarterly cash dividend of US$0.175 per ordinary share on Nov. 4, 2022, to shareholders of record at the close of business on Oct. 21, 2022.

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, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER 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,” “positioned,” “strategy,” “future,” “are confident,” or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. All projections in this press release 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. These factors include adverse effects on our business operations or financial results, including due to the impact of the COVID-19 pandemic and potential impairment of goodwill and trade names; 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; competition and pricing pressures in the markets we serve, including the impacts of tariffs; the strength of housing and related markets; volatility in currency exchange 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 the conflict 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 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/20220923005423/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 Electric plc

FAQ

What is the dividend amount for nVent Electric (NVT) in 2022?

nVent Electric (NYSE: NVT) announced a quarterly cash dividend of US$0.175 per share.

When will the next dividend be paid for nVent Electric (NVT)?

The next dividend will be paid on November 4, 2022.

What is the record date for nVent Electric (NVT) dividend?

The record date for the dividend is October 21, 2022.

How often does nVent Electric (NVT) pay dividends?

nVent Electric typically pays dividends quarterly.

Is the dividend from nVent Electric (NVT) sustainable?

The sustainability of the dividend can be evaluated based on the company’s financial health and performance.