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Correction: Pentair Announces Quarterly Cash Dividend

May 11, 2016 4:06 PM EDT

MANCHESTER, United Kingdom - May 11, 2016 - Pentair plc (NYSE: PNR) announced a correction to the press release issued on May 10, 2016 entitled "Pentair Announces Quarterly Cash Dividend." The press release incorrectly stated that the company will pay a regular quarterly cash dividend of $0.33 per share on August 5, 2016 to shareholders of record at the close of business on July 22, 2016. The corrected statement is as follows:

Pentair will pay a regular quarterly cash dividend of $0.34 per share on August 5, 2016 to shareholders of record at the close of business on July 22, 2016.

Pentair had previously announced on December 8, 2015 the approval by its Board of Directors to pay dividends in 2016 in four quarterly installments of $0.33 in each of the first and second quarters and $0.34 in each of the third and fourth quarters. 2016 will mark the 40th consecutive year that Pentair has increased its dividend.

ABOUT PENTAIR PLC
Pentair plc (www.pentair.com) delivers industry-leading products, services, and solutions for its customers' diverse needs in water and other fluids, thermal management, and equipment protection. With 2015 revenues of $6.4 billion, Pentair employs approximately 28,000 people worldwide.

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Pentair contacts:
Jim Lucas                                                            
Vice President, Investor Relations and Strategic Planning                        
Tel: 763-656-5575                                                             
E-mail: [email protected]

Rebecca Osborn
Senior Manager, External Communications
Tel: 763-656-5580
Email: [email protected]





This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pentair plc via Globenewswire

HUG#2012015


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