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The industrial group Pentair Plc (ISIN: IE00BLS09M33, NYSE: PNR) pays its shareholders a quarterly dividend of 21 US cents per share. The dividend will be paid on May 5, 2022 (record date: July 22, 2022). Pentair pays out 0.84 US dollars extrapolated for the year as a whole. At the current share price of $49.62 (as of May 16, 2022), this equates to a current dividend yield of 1.69 percent.
In December 2021 there was an increase of 5 percent compared to the previous quarter (20 cents). According to the company, this was the 46th annual increase in the dividend in a row. This makes the company one of the so-called Dividend Aristocrats who have increased their dividends annually for at least 25 years.
For the first quarter ended March 31, fiscal 2022, the company had revenues of $999.6 million, up from $865.9 million in the prior year, as reported on April 21, 2022. Net income was $117.6 million (previous year: $128.6 million).
Pentair was founded in 1966. The conglomerate manufactures parts and housings for various industrial sectors. In addition, pumps or filters used in water technology are manufactured and Pentair is also active in fire protection. In 2014 the company relocated to Dublin. The company headquarters are operational in London. Around 11,250 people are employed.
The stock is down 32.06 percent on Wall Street since the start of 2022 and currently has a market cap of $8.27 billion (as of May 16, 2022).
Editorial team MyDividends.de
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