Vertiv Holdings Co. (NYSE:VRT – Get Free Report) announced a quarterly dividend on Friday, March 6th. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.0625 per share on Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Tuesday, March 17th.
Vertiv has increased its dividend payment by an average of 0.7%per year over the last three years and has raised its dividend every year for the last 2 years. Vertiv has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Vertiv to earn $4.46 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 5.6%.
Vertiv Trading Down 2.5%
NYSE:VRT opened at $258.80 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.55. Vertiv has a one year low of $53.60 and a one year high of $276.78. The business’s 50-day simple moving average is $213.20 and its 200 day simple moving average is $180.61. The stock has a market cap of $99.02 billion, a price-to-earnings ratio of 75.89, a price-to-earnings-growth ratio of 1.31 and a beta of 2.02.
Vertiv Company Profile
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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