Pentair Announces 5 Percent Rate Increase to its Quarterly Cash Dividend

Rhea-AI Summary

Pentair plc (NYSE: PNR) announced a quarterly cash dividend of $0.21 per share, increasing from $0.20, payable on February 4, 2022, to shareholders of record as of January 21, 2022. This marks a 5% increase and the 46th consecutive year of dividend growth for Pentair. With $3 billion in revenue in 2020 and operating in over 150 countries, Pentair focuses on sustainable solutions for water management.

Positive

• Dividend increase to $0.21 per share reflects company confidence.
• 46th consecutive year of dividend growth demonstrates strong shareholder commitment.

Negative

• None.

LONDON--(BUSINESS WIRE)-- Pentair plc (NYSE: PNR) announced today that it will pay a regular quarterly cash dividend of $0.21 per share on February 4, 2022 to shareholders of record at the close of business on January 21, 2022. This dividend reflects a 5 percent increase in the company’s regular cash dividend rate (from $0.20 per share); 2022 will mark the 46^th consecutive year that Pentair has increased its dividend.

ABOUT PENTAIR PLC

Pentair makes the most of life’s essential resources. From our residential and business solutions that help people move, improve and enjoy their water, to our sustainable innovations and applications, we deliver smart, sustainable solutions for life.

Pentair had revenue in 2020 of $3 billion, and trades under the ticker symbol PNR. With approximately 9,750 global employees serving customers in more than 150 countries, we work to help improve lives and the environment around the world. To learn more, visit www.pentair.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211207005602/en/

Jim Lucas

SVP, Treasurer, FP&A, and Investor Relations

Direct: 763-656-5575

Email: jim.lucas@pentair.com



Rebecca Osborn

Senior Manager, External Communications

Direct: 763-656-5589

Email: rebecca.osborn@pentair.com

Source: Pentair plc

FAQ

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

Pentair will pay a cash dividend of $0.21 per share on February 4, 2022.

What is the new dividend amount for Pentair (PNR)?

The new dividend amount is $0.21 per share, up from $0.20.

How long has Pentair (PNR) been increasing its dividends?

Pentair has increased its dividends for 46 consecutive years.