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Pentair Announces Rate Increase to Its Quarterly Cash Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Pentair plc (NYSE: PNR) will pay a regular quarterly cash dividend of $0.23 per share on February 2, 2024, to shareholders of record at the close of business on January 19, 2024. This reflects a 5% increase from the previous dividend, marking the 48th consecutive year of dividend increase.
Positive
48th consecutive year of dividend increase
5% increase in dividend rate
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None.
LONDON--(BUSINESS WIRE)--
Pentair plc (NYSE: PNR) announced today that it will pay a regular quarterly cash dividend of $0.23 per share on February 2, 2024, to shareholders of record at the close of business on January 19, 2024. This dividend reflects an approximately 5 percent increase in the company’s regular cash dividend rate (from $0.22 per share); 2024 will mark the 48th 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 people and the planet thrive.
Pentair had revenue in 2022 of approximately $4.1 billion, and trades under the ticker symbol PNR. With approximately 11,250 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.
