nVent Electric (NVT) Raises Quarterly Dividend 8.6% to $0.19; 1.3% Yield

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nVent Increases Quarterly Dividend by 9%

December 12, 2023 6:30 AM EST

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE: NVT) announced today that its Board of Directors declared a regular quarterly cash dividend of US$0.19 per ordinary share for the first quarter of 2024, which represents an increase of 9% over the prior quarterly dividend. The dividend is payable on February 2, 2024, to shareholders of record at the close of business on January 19, 2024.

nVent is committed to delivering attractive returns to shareholders through disciplined capital allocation, including our focus on growth, paying a competitive dividend and share buybacks, said nVent Chair and Chief Executive Officer Beth Wozniak. With the electrification,... More