Pentair Announces Approval Of Dividend Recommendation
SCHAFFHAUSEN, Switzerland, April 29, 2013
SCHAFFHAUSEN, Switzerland, April 29, 2013 /PRNewswire/ --Pentair Ltd. (NYSE:
PNR) today announced that Pentair shareholders approved a Board of Directors
recommended proposal to distribute an ordinary cash dividend of $1.00 per
share. Payment of the dividend will be made in four equal quarterly
installments of $0.25 in each of the third and fourth quarters of 2013 and the
first and second quarters of 2014 at such times and with such record dates as
shall be determined by Pentair's Board of Directors. The dividends will be
paid out of Pentair's capital contribution reserve and represents an increase
of two cents per share per quarter over the previous dividend. This dividend
increase marks the 37^th consecutive year in which Pentair has increased its
Pentair paid dividends of $0.88 per share in 2012, and had announced on
September 28, 2012 that it would pay dividends previously authorized by
Pentair's former sole shareholder on September 14, 2012 of $0.23 per share out
of its capital contribution reserve for each of the first and second quarters
About Pentair Ltd.
Pentair (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 pro forma revenues of approximately
$8 billion, Pentair employs more than 30,000 people worldwide.
Vice President, Investor Relations
Manager, Corporate Communications
SOURCE Pentair Ltd.
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