Pentair Ltd. (PNR) Raises Quarterly Dividend 16.4% to $0.32; Approves $1B Buyback

Pentair Ltd. (NYSE: PNR) declared a quarterly dividend of $0.32 per share, or $1.28 annualized. This is a 16.4% increase from the prior dividend of $0.275.

The dividend will be payable on February 13, 2015, to stockholders of record on January 31, 2015, with an ex-dividend date of January 28, 2015.

The annual yield on the dividend is 2 percent.

Pentair's Board of Directors has authorized the company to repurchase up to $1.0 billion of its common shares. The authorization allows the company to commence share repurchases effective immediately and expires on December 31, 2019. Pentair intends to repurchase outstanding shares from time to time in the open market using cash flow generated by its operations.

For a dividend history and other dividend-related data on Pentair Ltd. (PNR) click here.

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