Pentair Announces Rate Increase To Its Quarterly Cash Dividend From $0.22 To $0.23 Per Share
Portfolio Pulse from Benzinga Newsdesk
Pentair plc (NYSE:PNR) has announced an increase in its quarterly cash dividend from $0.22 to $0.23 per share, marking a 5 percent increase and the 48th consecutive year of dividend growth. The dividend is payable on February 2, 2024, to shareholders of record as of January 19, 2024.
December 11, 2023 | 9:40 pm
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Pentair plc has raised its quarterly dividend to $0.23 per share, a 5% increase, continuing its 48-year record of dividend growth.
The increase in dividend is typically viewed positively by investors, as it signals confidence in the company's financial health and commitment to returning value to shareholders. This consistent track record of dividend growth can attract dividend investors and potentially support the stock price in the short term.
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