nVent Electric PLC (NYSE:NVT) Increases Dividend to $0.21 Per Share

nVent Electric PLC (NYSE:NVT) declared a quarterly dividend on Monday, December 15th. Investors of record on Friday, January 23rd will be given a dividend of 0.21 per share on Friday, February 6th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, January 23rd. This is a 5.0% increase from nVent Electric’s previous quarterly dividend of $0.20.

nVent Electric has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. nVent Electric has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect nVent Electric to earn $3.40 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 23.5%.

nVent Electric Stock Performance

NYSE:NVT traded down $0.91 during mid-day trading on Tuesday, reaching $101.70. The stock had a trading volume of 196,065 shares, compared to its average volume of 2,140,140. nVent Electric has a twelve month low of $41.71 and a twelve month high of $117.52. The business has a 50 day simple moving average of $104.73 and a 200 day simple moving average of $90.71. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.25 and a beta of 1.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57.

nVent Electric (NYSE:NVT) last issued its earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business posted $0.63 EPS. The company’s revenue for the quarter was up 34.8% on a year-over-year basis. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS and its FY 2025 guidance at 3.310-3.330 EPS. On average, analysts expect that nVent Electric will post 3.04 earnings per share for the current fiscal year.

About nVent Electric

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.