Dividend Aristocrat Pentair PLC (PNR) will raise its quarterly dividend by 5.6 percent to $0.19 per share in the first quarter of 2020. This marks the 44th consecutive year that Pentair has increased its dividend, if adjusted for the separation of nVent Electric (NVT).

The next dividend will be paid on February 7, 2020 to shareholders of record at the close of business on January 24, 2020. A new annualized dividend rate of 76 cents per share yields 1.7% at a stock price of $45.38.

Pentair plc is engaged in Water Quality Systems business and Flow and Filtration Solutions business. The company designs, manufactures, markets and services water system products and solutions to meet filtration and fluid management challenges in food and beverage, water, swimming pools and aquaculture applications. Its Flow and Filtration Solutions business is involved in the water treatment and wastewater system business.