Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Pentair Dividend Set to Rise After Sales Gain on Energy Demand

Don't Miss Out —
Follow us on:

Feb. 25 (Bloomberg) -- The board of Pentair Ltd., a water system provider whose sales have risen on energy producers’ demand for valves and flow controls, recommended that shareholders approve a 20 percent dividend increase.

Pentair, which acquired Tyco International Ltd.’s flow-control unit in 2012, said today that shareholders could vote to raise the quarterly dividend to 30 cents a share from the current 25 cents at the May 20 annual general meeting. Pentair shares have climbed 60 percent the past year compared with a 12 percent gain by the 20-member Bloomberg World Water Index.

Link to Company News:{TYC US <Equity> CN <GO>} Link to Company News:{PNR US <Equity> CN <GO>}

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.