Pentair As of January 14, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
PNR $0.84 0.0% 5.0% 5.3%
Business yield Hike yrs 5 yr CAGR freq. paid since
Water System Products 1.3% 46 4.0% Quarter N/A
Pentair products can be found at many swimming pools © dividendhike.com
Pentair products can be found at many swimming pools © dividendhike.com

Dividend Aristocrat Pentair PLC (PNR) has announced a 5 percent dividend hike to 21 cents quarterly per share. Last year PNR raised its quarterly dividend by 5.3 percent to $0.20 per share. This new hike just announced will mark the 46th consecutive year that Pentair has increased its dividend, if adjusted for the separation of nVent Electric (NVT).

The next PNR dividend will be paid on February 4, 2021 to shareholders of record at the close of business on January 21, 2022. A new annualized dividend rate of 84 cents per share yields 1.1% at a stock price of $74. Pentair now pays shareholders an estimated $139 million in dividends annually. The company has a great dividend history but PNR dividend growth has been slowing since 2015 with a 5.6 percent hike in 2019 being the biggest increase in the last couple of years.

Pentair is a Dividend Aristocrat with more than 25 consecutive years of dividend increases. Other Dividend Aristocrats announcing a dividend increase recently are Ecolab (ECL) and McCormick (MKC).

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.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Jan 18 DGX 1.7% 0.0%
Jan 18 LOW 1.3% 0.0%
Jan 18 WST 0.2% 0.0%
Jan 19 ZTS 0.6% 0.0%
Jan 19 CAT 1.9% 0.0%
Jan 20 PKI 0.2% 0.0%
Jan 20 PNR 1.3% 0.0%
Jan 20 COO 0.0% 0.0%
Jan 20 PG 2.2% 0.0%
Jan 20 APA 1.5% 0.0%