nVent Increases Quarterly Dividend

Rhea-AI Summary

nVent Electric (NYSE: NVT) has announced a 5% increase in its quarterly cash dividend. The company will pay $0.20 per ordinary share for the first quarter of 2025, up from the previous $0.19. The dividend will be paid on February 7, 2025, to shareholders of record as of January 17, 2025.

Positive

• 5% increase in quarterly dividend demonstrates financial strength
• Continued commitment to shareholder returns
• Dividend increase signals management's confidence in future cash flows

Negative

• None.

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE: NVT) announced today that its Board of Directors declared a regular quarterly cash dividend of US$0.20 per ordinary share for the first quarter of 2025, which represents an increase of 5% over the prior quarterly dividend of US$0.19 per ordinary share. The dividend is payable on February 7, 2025, to shareholders of record at the close of business on January 17, 2025.

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 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. Among these factors are adverse effects on our business operations or financial results, including the ability to complete the pending sale of the Thermal Management business on anticipated terms and timetable; 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 the Trachte, ECM Industries 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/20241215868721/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 nVent's new quarterly dividend amount for Q1 2025?

nVent's new quarterly dividend is $0.20 per ordinary share for Q1 2025, representing a 5% increase from the previous $0.19 per share.

When will nVent (NVT) pay its Q1 2025 dividend?

nVent will pay its Q1 2025 dividend on February 7, 2025, to shareholders of record as of January 17, 2025.

How much did nVent increase its dividend in 2025?

nVent increased its quarterly dividend by 5%, from $0.19 to $0.20 per ordinary share.

What is the record date for nVent's Q1 2025 dividend?

The record date for nVent's Q1 2025 dividend is January 17, 2025.