Today, August 04, 2023, nVent Electric NVT will distribute a dividend payout of $0.17 per share, highlighting an annualized dividend yield of 1.70%. Shareholders who owned the stock before the ex-dividend date on July 20, 2023 will be eligible for this payout.
nVent Electric Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-20 | 4 | $0.17 | 1.7% | 2023-05-12 | 2023-07-21 | 2023-08-04 |
| 2023-04-27 | 4 | $0.17 | 1.53% | 2023-02-28 | 2023-04-28 | 2023-05-12 |
| 2023-01-19 | 4 | $0.17 | 1.76% | 2022-12-13 | 2023-01-20 | 2023-02-03 |
| 2022-10-20 | 4 | $0.17 | 2.25% | 2022-09-27 | 2022-10-21 | 2022-11-04 |
| 2022-07-21 | 4 | $0.17 | 2.09% | 2022-05-13 | 2022-07-22 | 2022-08-05 |
| 2022-04-21 | 4 | $0.17 | 2.06% | 2022-02-21 | 2022-04-22 | 2022-05-06 |
| 2022-01-20 | 4 | $0.17 | 1.85% | 2021-12-13 | 2022-01-21 | 2022-02-04 |
| 2021-10-21 | 4 | $0.17 | 2.14% | 2021-09-27 | 2021-10-22 | 2021-11-05 |
| 2021-07-22 | 4 | $0.17 | 2.29% | 2021-05-13 | 2021-07-23 | 2021-08-06 |
| 2021-04-22 | 4 | $0.17 | 2.78% | 2021-02-22 | 2021-04-23 | 2021-05-07 |
| 2021-01-21 | 4 | $0.17 | 2.95% | 2020-12-14 | 2021-01-22 | 2021-02-05 |
| 2020-10-22 | 4 | $0.17 | 4.04% | 2020-09-28 | 2020-10-23 | 2020-11-06 |
nVent Electric's dividend yield falls in the middle range when compared to its industry peers, with Emerson Electric EMR having the highest annualized dividend yield at 2.17%.
Analyzing nVent Electric Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company maintained a consistent dividend per share of $0.70. This signifies the company's dedication to a stable dividend policy, which is reassuring for shareholders seeking reliable returns on their investments.
YoY Earnings Growth For nVent Electric
The earnings chart above shows that from 2019 to 2022, nVent Electric has experienced an increase in their earnings from $1.77 per share to $2.23 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article provides an in-depth analysis of nVent Electric's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.17 per share, resulting in an annualized dividend yield of 1.70%.
nVent Electric's dividend yield falls in the middle range when compared to its industry peers, with Emerson Electric having the highest annualized dividend yield at 2.17%.
While the dividend per share remains unchanged during the period of 2019 to 2022, the upward trajectory of earnings per share for nVent Electric indicates a favorable financial position, potentially paving the way for sustained profit distribution to shareholders.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
[See current stock movements nVent Electric on Benzinga.](https://www.benzinga.com/quote/nVent Electric (NYSE: NVT))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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