Pentair Announces $0.22 Dividend, $400M Stock Repurchase Program - Pentair (NYSE:PNR)

MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO

As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.

Pentair Ltd. (NYSE: PNR) today announced that its sole shareholder prior to the spin-off, TycoInternational Ltd. (Tyco), has authorized Pentair Ltd. to pay a cash dividendof $0.22 per share on November 9, 2012 to shareholders of record on October26, 2012. Prior to the spin off, the Pentair Ltd. board also authorized aninitial stock repurchase program consistent with the March, 2012 mergerannouncement of $400 million to commence immediately on October 1, 2012.

MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO

As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!