Dividend Aristocrat Pentair will raise its quarterly dividend by 1.4 percent to $0.35 per share in the first quarter of 2018. This marks the 42nd consecutive year of dividend increases by the industrial company. Last year Pentair hiked its dividend by a total of 4.5 percent.

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%.

Pentair plc  provides products and systems used worldwide in the movement, storage and treatment of water with target markets including flow technologies, filtration and pool. Its Water Quality Systems business manufactures water system products and solutions used in food and beverage, water, swimming pools and aquaculture applications. The Flow and Filtration Solutions business is involved in water treatment and wastewater systems, including desalination. The company also manufactures products that guard and protect electrical and electronic equipment, and heat management solutions.