nVent Electric PLC Announces Quarterly Dividend of $0.21 (NYSE:NVT)

nVent Electric PLC (NYSE:NVT) announced a quarterly dividend on Monday, February 16th. Shareholders of record on Friday, April 24th will be given a dividend of 0.21 per share on Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, April 24th.

nVent Electric has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. nVent Electric has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect nVent Electric to earn $3.40 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 24.7%.

nVent Electric Stock Performance

NYSE:NVT opened at $113.13 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16. The firm has a market cap of $18.25 billion, a PE ratio of 26.31, a P/E/G ratio of 1.18 and a beta of 1.33. The firm has a 50 day simple moving average of $108.19 and a 200-day simple moving average of $102.05. nVent Electric has a 1-year low of $41.71 and a 1-year high of $120.85.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, February 6th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company earned $0.59 EPS. nVent Electric’s revenue for the quarter was up 41.9% on a year-over-year basis. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. On average, equities analysts expect that nVent Electric will post 3.04 EPS for the current year.

About nVent Electric

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.