LONDON, UK / ACCESSWIRE / April 11, 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 April 12, 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 April 11, 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 February 27, 2018, Pentair announced that it will pay a regular quarterly cash dividend of $0.35 per share on April 27, 2018, to shareholders of record at the close of business on April 13, 2018.
Pentair's indicated dividend represents a yield of 2.06%, which is substantially higher than the average dividend yield of 1.20% for the Industrial Goods sector. The year 2018 marks the 42nd consecutive year that Pentair has increased its dividend.
Dividend Insight
Pentair has a dividend payout ratio of 34.8%, which indicates that the Company spends approximately $0.35 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 $4.30 for the next year, which is more than triple compared to the Company's annualized dividend of $1.40 per share.
Pentair's FY17 net cash provided by operating activities was $620 million and total free cash flow was $551 million. The Company's FY017 net cash provided by operating activities of continuing operations was $674 million and free cash flow from continuing operations was $611 million. Pentair delivered full year free cash flow of 94% of adjusted net income. 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.
Recent Development for Pentair
On April 03, 2018, Pentair announced that its Board of Directors has approved the previously announced spin-off of its Electrical business. The transaction will result in two independent, publicly traded companies: Pentair PLC and nVent Electric PLC. nVent's ordinary shares are expected to begin trading on the NYSE on May 01, 2018.
At the time of the separation, nVent will be a high-performance electrical Company focused on improving utilization, lowering costs, and maximizing customer uptime. Pentair will continue as a leading global water Company focused on smart, sustainable solutions.
The distribution is expected to occur prior to the open of business on April 30, 2018. Each Pentair's shareholder will receive one ordinary share of nVent for everyone ordinary share of Pentair held as of the close of business on April 17, 2018, the record date for the distribution.
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.
With 2017 revenues of $4.9 billion, Pentair employs approximately 18,400 people worldwide.
Stock Performance Snapshot
April 10, 2018 - At Tuesday's closing bell, Pentair's stock advanced 1.90%, ending the trading session at $69.73.
Volume traded for the day: 668.24 thousand shares.
Stock performance in the past twelve-month period - up 11.05%
After yesterday's close, Pentair's market cap was at $13.10 billion.
Price to Earnings (P/E) ratio was at 23.60.
The stock has a dividend yield of 2.01%.
The stock is part of the Industrial Goods sector, categorized under the Industrial Equipment & Components industry. This sector was up 1.8% at the end of the session.
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