Pentair dividend history | 46 consecutive years of increases
|The average dividend growth rate for Pentair is 4.0% based on the last five years|
In a very busy week for Dividend Aristocrats Pentair has just announced its annual dividend hike with a five percent increase to its quarterly cash dividend. The industrial company has now raised its dividend 46 consecutive years.
Pentair, specialized in water system products and flow and filtration solutions, is doing just fine in 2021 with its stock price up 40.8 percent as of December 7, 2021. The company, one of the official S&P Dividend Aristocrats, also raises its dividend every year. Dividend growth has picked up a little since 2019 with increases of at least five percent.
On Tuesday Pentair plc announced that it will pay a regular quarterly cash dividend of $0.21 per share on February 4, 2022 to shareholders of record at the close of business on January 21, 2022. The new annual dividend rate of 84 cents per share yields 1.1% at a stock price of $74.76. Pentair is one of the best performing Dividend Aristocrats YTD.
Pentair will pay shareholders a total annual dividend amount of approximately $139 million, according to calculations by dividendtrackrecords.com. The company also announced 5+ percent dividend hikes in the last two years bringing the average dividend growth rate to 4 percent annually in the last five years.
Pentair plc is engaged in Water Quality Systems business and Flow and Filtration Solutions business. Pentair's Water Quality Systems business designs, manufactures, markets and services water system products and solutions to meet filtration and fluid management challenges in food and beverage, water, swimming pools and aquaculture applications. The company's Flow and Filtration Solutions business is involved in the entire water, water treatment and wastewater system from filtration, desalination, water supply to water disposal, process and control. The company is a Dividend Aristocrat with its annual dividend being increased for a minimum of 25 consecutive years.