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

Key Points

• Pentair declared a quarterly dividend of $0.27 per share (annualized $1.08) with a record/ex-dividend date of July 24 and a payment date of August 7, implying a yield of about 1.4%.
• The company has raised its dividend for seven consecutive years but only grew it about 0.1% annually over the last three years; the payout ratio is low at 20.6%, and analysts' earnings forecasts imply the dividend is well covered.
• Pentair beat Q1 estimates with EPS of $1.22 versus $1.17 and revenue of $1.04 billion, and analysts forecast roughly $5.35–$5.86 in EPS for the coming year; the stock recently traded near its 52-week low around $77.17.

Pentair plc (NYSE:PNR - Get Free Report) declared a quarterly dividend on Monday, May 4th. Stockholders of record on Friday, July 24th will be given a dividend of 0.27 per share by the industrial products company on Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 24th.

Pentair has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. Pentair has a dividend payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pentair to earn $5.86 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 18.4%.

Pentair Trading Down 2.4%

Pentair stock opened at $77.17 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. The business's 50-day simple moving average is $90.55 and its 200-day simple moving average is $99.81. The firm has a market capitalization of $12.47 billion, a PE ratio of 18.91, a PEG ratio of 1.34 and a beta of 1.10. Pentair has a 52 week low of $77.02 and a 52 week high of $113.95.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.05. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business earned $1.11 earnings per share. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Pentair will post 5.35 earnings per share for the current year.

About Pentair

Pentair plc NYSE: PNR is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair's offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.

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