Today, November 03, 2023, nVent Electric NVT will distribute a dividend payout of $0.17 per share, highlighting an annualized dividend yield of 1.29%. Shareholders who owned the stock before the ex-dividend date on October 19, 2023 will be eligible for this payout.
nVent Electric Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-19 | 4 | $0.17 | 1.29% | 2023-09-26 | 2023-10-20 | 2023-11-03 |
| 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 |
When comparing nVent Electric's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Emerson Electric EMR having the highest annualized dividend yield at 2.28%.
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
Investors witnessed a steady dividend per share of $0.70 from 2019 to 2022, indicating the company's commitment to providing stability to shareholders through a reliable dividend payout. This consistent dividend policy offers a dependable income source for investors.
YoY Earnings Growth For nVent Electric
From 2019 to 2022, nVent Electric experienced a growth in earnings per share, with an increase from $1.77 to $2.23. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article takes an in-depth look at nVent Electric's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.17 per share today, translating to an annualized dividend yield of 1.29%.
When comparing nVent Electric's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Emerson Electric having the highest annualized dividend yield at 2.28%.
Despite no adjustment in the dividend per share over the period of 2019 to 2022, the consistent growth in earnings per share for nVent Electric indicates a sound financial status, which could enable the company to continue sharing profits with its investors.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
[Track real-time stock fluctuations for 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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