Pentair Announces 5 Percent Rate Increase to its Quarterly Cash Dividend

Rhea-AI Summary

Pentair plc (NYSE: PNR) has announced a quarterly cash dividend of $0.22 per share, reflecting a 5% increase from the previous $0.21. This dividend will be paid on February 3, 2023, to shareholders of record by January 20, 2023. This marks the 47th consecutive year of dividend increases for Pentair, indicative of its strong commitment to returning value to shareholders.

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• 5% increase in quarterly cash dividend to $0.22 per share.
• 47th consecutive year of dividend increases.

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• None.

LONDON--(BUSINESS WIRE)-- Pentair plc (NYSE: PNR) announced today that it will pay a regular quarterly cash dividend of $0.22 per share on February 3, 2023 to shareholders of record at the close of business on January 20, 2023. This dividend reflects an approximately 5 percent increase in the company’s regular cash dividend rate (from $0.21 per share); 2023 will mark the 47^th consecutive year that Pentair has increased its dividend.

ABOUT PENTAIR PLC

At Pentair, we help the world sustainably move, improve, and enjoy water, life’s most essential resource. From our residential and commercial water solutions, to industrial water management and everything in between, Pentair is focused on smart, sustainable water solutions that help our planet and people thrive.

Pentair had revenue in 2021 of approximately $3.8 billion, and trades under the ticker symbol PNR. Serving customers in more than 150 countries, our approximately 11,250 global employees are living our purpose to create a better world through smart, sustainable water solutions. To learn more, visit Pentair.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221212005789/en/

PENTAIR CONTACTS

Dan Complin

Manager, Investor Relations

Tel: 763-656-5575

Email: dan.complin@pentair.com

Rebecca Osborn

Senior Manager, External Communications

Tel: 763-656-5589

Email: rebecca.osborn@pentair.com

Source: Pentair plc

FAQ

What is the dividend amount for Pentair (PNR) in February 2023?

Pentair will pay a dividend of $0.22 per share in February 2023.

When will Pentair (PNR) pay its quarterly dividend?

The quarterly dividend will be paid on February 3, 2023.

What is the record date for the upcoming dividend payment by Pentair (PNR)?

The record date for the dividend payment is January 20, 2023.

How many years has Pentair (PNR) increased its dividend?

Pentair has increased its dividend for 47 consecutive years.