Pentair plc Announces Quarterly Dividend of $0.27 (NYSE:PNR)

Pentair plc (NYSE:PNR) announced a quarterly dividend on Monday, September 21st. Stockholders of record on Friday, October 23rd will be given a dividend of 0.27 per share by the industrial products company on Friday, November 6th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, October 23rd.

Pentair has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Pentair has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Pentair to earn $5.09 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 21.2%.

Pentair Stock Performance

PNR opened at $56.09 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.45. The firm has a market cap of $8.95 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02. Pentair has a 52-week low of $55.27 and a 52-week high of $113.95. The business’s fifty day moving average is $62.93 and its 200-day moving average is $74.61.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.02. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The company had revenue of $932.60 million for the quarter, compared to analysts’ expectations of $943.24 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Pentair’s revenue for the quarter was down 17.0% on a year-over-year basis. Sell-side analysts expect that Pentair will post 4.64 EPS for the current fiscal year.

Pentair Company Profile

Pentair plc (NYSE:PNR) is a water-treatment and fluid-management company that develops products and solutions for residential, commercial, industrial and municipal applications. Its offerings are designed to help move, filter, treat and manage water, with an emphasis on water quality, efficiency and sustainability.

The company’s products include pool and spa pumps, filters, heaters, automation systems and related equipment; water softening and filtration systems; and pumps, valves, controls and other fluid-management products.