Bloomberg News

Pentair Dividend Set to Rise After Sales Gain on Energy Demand

February 25, 2014

The board of Pentair Ltd. (PNR:US), a water system provider whose sales have risen on energy producers’ demand for valves and flow controls, recommended that shareholders approve a 20 percent dividend increase.

Pentair, which acquired Tyco International Ltd.’s flow-control unit in 2012, said today that shareholders could vote to raise the quarterly dividend to 30 cents a share from the current 25 cents at the May 20 annual general meeting. Pentair shares have climbed 60 percent the past year compared with a 12 percent gain by the 20-member Bloomberg World Water Index.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • PNR
    (Pentair PLC)
    • $67.12 USD
    • 0.13
    • 0.19%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus