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

nVent Electric PLC (NYSE:NVT) declared 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 raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. nVent Electric has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.1%

Shares of NYSE:NVT traded up $1.23 on Monday, reaching $113.13. 1,796,805 shares of the company traded hands, compared to its average volume of 2,419,114. The stock has a market capitalization of $18.25 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33. The business’s 50-day simple moving average is $108.07 and its 200 day simple moving average is $101.81. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.41. nVent Electric has a 52 week low of $41.71 and a 52 week high of $120.85.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS. 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. As a group, equities analysts anticipate that nVent Electric will post 3.04 EPS for the current fiscal 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.