LONDON, UK / ACCESSWIRE / January 23, 2018 / Active-Investors has a free review on Pentair PLC (NYSE: PNR) following the Company's announcement that it will begin trading ex-dividend on January 25, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 24, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on PNR:
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Dividend Declared
On December 05, 2017, Pentair announced that its Board of Directors has approved a 1% increase in the Company`s regular cash dividend rate (from $0.345 per share to $0.35 per share) and that it will pay a regular quarterly cash dividend of $0.35 per share on February 09, 2018, to shareholders of record at the close of business on January 26, 2018.
Pentair's indicated dividend represents a yield of 1.89%, which is substantially higher than the average dividend yield of 1.04% for the Industrial Goods sector. 2018 will mark the 42nd consecutive year that Pentair has increased its dividend.
Dividend Insight
Pentair has a dividend payout ratio of 39.7%, which indicates that the Company spends approximately $0.40 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Pentair is forecasted to report earnings of $3.93 per share for the next year, which is more than double the Company's annualized dividend of $1.40 per share.
As of September 30, 2017, Pentair's total cash and cash equivalents were approximately $108.5 million compared to $238.5 million as on December 31, 2016. For the nine months ended September 30, 2017, the Company's net cash provided by operating activities totaled $418.5 million compared to $107.4 million in the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Upcoming Earnings Announcement
On January 09, 2018, Pentair announced that it will report its fourth quarter results before the opening of the New York Stock Exchange on January 30, 2018. The Company will also hold a conference call with investors at 8:00 a.m. Eastern Standard Time (EST) on the same day.
About Pentair PLC
Pentair is a global Company dedicated to building a safer, more sustainable world. Pentair delivers industry-leading products, services, and solutions that help people make the best use of the resources they rely on most. Its technology moves the world forward by ensuring that water is plentiful, useful and pure, and that critical equipment and those near it are protected.
Pentair has seen revenues of $4.9 billion in 2016, and the Company employs approximately 19,000 people worldwide.
Stock Performance Snapshot
January 22, 2018 - At Monday's closing bell, Pentair's stock slightly fell 0.05%, ending the trading session at $73.94.
Volume traded for the day: 672.71 thousand shares.
Stock performance in the last month – up 6.87%; previous three-month period – up 4.57%; past twelve-month period – up 25.75%; and year-to-date – up 4.70%
After yesterday's close, Pentair's market cap was at $13.42 billion.
Price to Earnings (P/E) ratio was at 35.21.
The stock has a dividend yield of 1.89%.
The stock is part of the Industrial Goods sector, categorized under the Industrial Equipment & Components industry.
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