Pentair Announces Quarterly Cash Dividend

Rhea-AI Summary

Pentair plc (NYSE: PNR) has declared a quarterly cash dividend of $0.20 per share, scheduled for payment on May 7, 2021. Shareholders must be on record by the close of business on April 23, 2021. This dividend represents the 45th consecutive year of increases, reflecting Pentair's commitment to returning value to its shareholders. In 2020, the company reported revenue of $3 billion, highlighting its strong market presence with approximately 9,750 employees serving customers globally.

Positive

• Dividend of $0.20 per share enhances shareholder value.
• 45 consecutive years of dividend increases demonstrate financial stability.
• 2020 revenue of $3 billion reflects a solid business performance.

Negative

• None.

Pentair plc (NYSE: PNR) announced today that it will pay a regular quarterly cash dividend of $0.20 per share on May 7, 2021 to shareholders of record at the close of business on April 23, 2021. 2021 marks the 45th 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 Pentair.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210216006178/en/

FAQ

What is the dividend amount announced by Pentair?

Pentair announced a quarterly cash dividend of $0.20 per share.

When will Pentair's dividend be paid?

The dividend will be paid on May 7, 2021.

What is the record date for Pentair's dividend?

The record date for the dividend is April 23, 2021.

How many years has Pentair increased its dividend?

Pentair has increased its dividend for 45 consecutive years.

What was Pentair's revenue in 2020?

Pentair reported a revenue of $3 billion in 2020.