Vertiv (NYSE: VRT) has announced that its board of directors has declared a quarterly cash dividend of $0.0375 per share of the company’s class A common stock. The dividend will be payable on June 26, 2025, to shareholders of record of class A common stock at the close of business on June 16, 2025.
In the previous quarter, Vertiv declared a quarterly cash dividend of $0.035 per share, representing an increase of approximately 7.1% in the dividend amount.
This increase in the quarterly dividend reflects Vertiv's continued commitment to delivering value to its shareholders and may indicate confidence in the company's financial position and future prospects. Following these announcements, the company's shares moved 1.21%, and are now trading at a price of $113.70. For more information, read the company's full 8-K submission here.