Pentair Raises Quarterly Dividend to 25 Cents

Dow Jones12-17

By Sabela Ojea

Pentair is increasing its quarterly dividend by 8.7%, to 25 cents per share.

The water treatment company on Monday said that its board of directors approved a quarterly payout to shareholders of 25 cents, up from 23 cents a share previously.

The new payout, equal to $1.00 annually, represents a yield of 0.9%, based on Pentair's latest closing price of $107.79.

The new dividend will be paid on Feb. 7.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

December 16, 2024 17:21 ET (22:21 GMT)

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