Pentair increases dividend for 40th consecutive year

Dividend Aristocrat Pentair (PNR) will raise its dividend by 6.3% in 2016.

Industrial Pentair will raise its quarterly dividend to $0.33 in the first half of next year, followed by quarterly dividends of $0.34 in Q3 and Q4 of 2016.

The year 2016 will mark the 40th year of higher dividends for Pentair, a provider of industry-leading products, services, and solutions for its customers' diverse needs in water and other fluids, thermal management, and equipment protection.

Pentair has an estimated dividend yield of 2.6% based on a stock price of $53 and a full year dividend of $1.36 (planned for the second half of next year).

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