Water Filtration Company Pentair Climbs Following Dividend Boost

Pentair Ltd. (PNR), a water treatment and filtration company, rose as much as 3.3 percent in New York trading, the most in two months, after its board recommended raising the quarterly dividend to 25 cents a share through the second quarter of 2014, up from 23 cents a share in the first and second quarters of this year.

Pentair was formed when Pentair Inc. merged last year with Tyco International Ltd. (TYC)’s flow-control unit.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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