Vertiv Declares First-Ever Annual Dividend

Rhea-AI Summary

Vertiv (NYSE: VRT) has declared its first-ever annual cash dividend of $0.01 per share of Class A common stock. The dividend is set to be paid on December 17, 2020, to shareholders of record as of December 2, 2020. This announcement marks a significant milestone for the company, indicating its commitment to returning value to shareholders while highlighting its strategic growth in the critical digital infrastructure sector.

Positive

• First-ever cash dividend of $0.01 per share reflects strong financial positioning.
• Dividend payment scheduled for December 17, 2020, enhances shareholder value.

Negative

• None.

COLUMBUS, Ohio--(BUSINESS WIRE)--Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that its Board of Directors has declared the company’s first-ever annual cash dividend of $0.01 per share of the company’s Class A common stock. The cash dividend will be payable on December 17, 2020, to shareholders of record of Class A common stock, including holders of record of company’s units, at the close of business on December 2, 2020.

About Vertiv Holdings Co

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to ensure its customers’ vital applications run continuously, perform optimally and grow with their business needs. As Architects of Continuity™, Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Columbus, Ohio, Vertiv employs approximately 20,000 people and does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.