Pentair increases dividend for 42nd consecutive year in 2018

Dividend Aristocrat Pentair will raise its quarterly dividend for the 42nd consecutive year in 2018.

Pentair plc will pay a regular quarterly cash dividend of $0.35 per share on February 9, 2018 to shareholders of record at the close of business on January 26, 2018. 2018 will mark the 42nd consecutive year that Pentair has increased its dividend.

The dividend will be paid on February 9, 2018 to shareholders of record at the close of business on January 26, 2018. PNR currently has a dividend yield of 2.0%.

Dividend Aristocrat Pentair has gained 24.4 percent YTD.

Year-to-date Pentair stock has gained 24.4 percent, resulting in a market cap of $12.7 billion at a current stock price of $69.73. Out of 15 analysts 4 have a 'buy' recommendation for PNR, with 8 analysts rating the stock 'hold' and 3 'sell' recommendations. The average analyst price target for Pentair currently is $73.55, which is about 5.5 percent above Friday's closing price.

Last year Pentair raised its dividend for the 41st consecutive year.

Pentair plc  provides products and systems used worldwide in the movement, storage and treatment of water. 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 2016 revenues of $4.9 billion, Pentair employs approximately 19,000 people worldwide.