Vertiv Declares Quarterly Dividend

Rhea-AI Summary

Vertiv, a global provider of critical digital infrastructure and continuity solutions, announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of its Class A common stock.

The dividend will be payable on June 26, 2024, to shareholders of record as of June 17, 2024.

Positive

• Quarterly cash dividend declared, showing financial stability.
• Dividend set at $0.025 per share, providing income to shareholders.

Negative

• Dividend amount is relatively small, which might not significantly attract income-focused investors.

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 a quarterly cash dividend of $0.025 per share of the company’s Class A common stock. The cash dividend will be payable on June 26, 2024, to shareholders of record of Class A common stock at the close of business on June 17, 2024.

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. 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 Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240603274408/en/

For investor inquiries:

Lynne Maxeiner

Vice President, Global Treasury & Investor Relations

Vertiv

T +1 614-841-6776

E: lynne.maxeiner@vertiv.com

For media inquiries:

Sara Steindorf

FleishmanHillard for Vertiv

E: sara.steindorf@fleishman.com

Source: Vertiv Holdings Co

FAQ

What is the quarterly dividend declared by Vertiv?

Vertiv declared a quarterly cash dividend of $0.025 per share of its Class A common stock.

When will Vertiv's quarterly dividend be paid?

The dividend will be payable on June 26, 2024.

Who is eligible for Vertiv's quarterly dividend?

Shareholders of record of Class A common stock at the close of business on June 17, 2024, are eligible.