Breaking News

3 Big European Oil Companies Get Negative Outlook From S&P Over Price of Crude

Pentair Shareholders Approve Almost 9% Rise in Dividend Payment

Pentair Ltd. (PNR), a water filtration company, said today that shareholders approved an almost 9 percent dividend increase.

Quarterly dividends will rise to 25 cents a share from 23 cents and be paid for the third and fourth quarters of this year and the first two quarters on 2014, the company said in a statement. The stock has gained almost 27 percent the past year.

The company, which merged last year with Tyco International Ltd.’s flow-control busines, is incorporated in Switzerland for tax reasons with its main offices in Minneapolis.

To contact the reporter on this story: Randall Hackley in London at

To contact the editor responsible for this story: Randall Hackley at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.