nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection for test and measurement and aerospace and defense applications in industrial, infrastructure, commercial, and energy verticals. Its products also include metallic and non-metallic enclosures, cabinets, sub racks, and backplanes. The Electrical & Fastening Solutions segment offers fastening solutions to connect and protect electrical and mechanical systems, and civil structures. It also provides engineered electrical and fastening products. The Thermal Management segment offers electric thermal solutions that connect and protect buildings, infrastructure, industrial processes, and people. This segment provides thermal management systems comprising heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions. The company sells its products under the CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. nVent Electric plc markets its products through electrical distributors, data center contractors, original equipment manufacturers, and maintenance contractors. It serves the energy, industrial, infrastructure, and commercial and residential sectors. The company was founded in 1903 and is based in London, the United Kingdom.
nVent Electric Dividend Announcement
• nVent Electric announced a quarterly dividend of $0.19 per ordinary share which will be made payable on 2024-11-01. Ex dividend date: 2024-10-18
• nVent Electric annual dividend for 2024 was $0.76
• nVent Electric annual dividend for 2023 was $0.70
• nVent Electric's trailing twelve-month (TTM) dividend yield is 0.97%
• nVent Electric's payout ratio for the trailing twelve months (TTM) is 21.61%
• nVent Electric's dividend growth over the last five years (2018-2023) was 14.87% year
nVent Electric Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-18 | $0.19 | quarterly | 2024-11-01 |
2024-07-19 | $0.19 | quarterly | 2024-08-02 |
2024-04-25 | $0.19 | quarterly | 2024-05-10 |
2024-01-18 | $0.19 | quarterly | 2024-02-02 |
2023-10-19 | $0.17 | quarterly | 2023-11-03 |
2023-07-20 | $0.17 | quarterly | 2023-08-04 |
2023-04-27 | $0.17 | quarterly | 2023-05-12 |
2023-01-19 | $0.17 | quarterly | 2023-02-03 |
2022-10-20 | $0.17 | quarterly | 2022-11-04 |
2022-07-21 | $0.17 | quarterly | 2022-08-05 |
2022-04-21 | $0.17 | quarterly | 2022-05-06 |
2022-01-20 | $0.17 | quarterly | 2022-02-04 |
2021-10-21 | $0.17 | quarterly | 2021-11-05 |
2021-07-22 | $0.17 | quarterly | 2021-08-06 |
2021-04-22 | $0.17 | quarterly | 2021-05-07 |
2021-01-21 | $0.17 | quarterly | 2021-02-05 |
2020-10-22 | $0.17 | quarterly | 2020-11-06 |
2020-07-23 | $0.17 | quarterly | 2020-08-07 |
2020-04-23 | $0.17 | quarterly | 2020-05-08 |
2020-01-23 | $0.17 | quarterly | 2020-02-07 |
2019-10-17 | $0.17 | quarterly | 2019-11-01 |
2019-07-18 | $0.17 | quarterly | 2019-08-02 |
2019-04-17 | $0.17 | quarterly | 2019-05-03 |
2019-01-24 | $0.17 | quarterly | 2019-02-08 |
2018-10-18 | $0.17 | quarterly | 2018-11-02 |
2018-08-02 | $0.17 | quarterly | 2018-08-17 |
nVent Electric Dividend per year
nVent Electric Dividend growth
nVent Electric Dividend Yield
nVent Electric current trailing twelve-month (TTM) dividend yield is 0.97%. Interested in purchasing nVent Electric stock? Use our calculator to estimate your expected dividend yield:
nVent Electric Financial Ratios
nVent Electric Dividend FAQ
Other factors to consider when evaluating nVent Electric as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: nVent Electric's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, nVent Electric publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, nVent Electric distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from nVent Electric are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: nVent Electric sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, nVent Electric distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: nVent Electric declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of nVent Electric's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review nVent Electric's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.