Vertiv (VRT) Increases Annual Dividend by 50%

By Tamara Parker • Monday, November 18 10:29 • Permanent Link

Vertiv (NYSE: VRT) has announced a significant increase in its regular annual cash dividend, raising it by 50% from $0.10 to $0.15 per share. This increase will be effective starting with the fourth-quarter cash dividend of $0.0375 per share of class A common stock, which was declared by the board of directors. The dividend is payable on December 19, 2024, to shareholders of record of class A common stock at the close of business on December 3, 2024.

This announcement reflects the company's strong financial performance and cash flow. It indicates a positive outlook for the company's future and a commitment to rewarding shareholders.

The increase in the dividend demonstrates the company's confidence in its financial position and its ability to generate sustained cash flow. This move is likely to be well-received by investors, as it signals a belief in the company's growth prospects and financial stability.

Investors and shareholders will be keen to see how this increase in the dividend aligns with the company's overall financial performance and future guidance, which will be updated during the investor event hosted by Vertiv in Atlanta. As a result of these announcements, the company's shares have moved 3.3% on the market, and are now trading at a price of $124.87. Check out the company's full 8-K submission here.

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