Vertiv Holdings Co. (NYSE:VRT – Get Free Report) announced a quarterly dividend on Wednesday, June 3rd. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0625 per share on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th.
Vertiv has raised its dividend by an average of 0.7%per year over the last three years and has increased its dividend every year for the last 2 years. Vertiv has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Vertiv to earn $8.43 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 3.0%.
Vertiv Stock Performance
Shares of VRT stock opened at $332.11 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. Vertiv has a one year low of $107.38 and a one year high of $379.93. The company’s 50-day simple moving average is $310.09 and its 200-day simple moving average is $238.36. The stock has a market capitalization of $127.57 billion, a price-to-earnings ratio of 83.44, a PEG ratio of 1.45 and a beta of 2.03.
Vertiv Company Profile
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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