Pentair plc (NYSE: PNR) revealed that it would pay a regular quarterly cash dividend of $0.33 per share. On an annualized basis, it worked out to $1.42 a share. The company indicated that the dividend would be payable on August 5 to all the eligible shareholders. For that purpose, the company has fixed a record date of July 22, 2016.
Earlier on December 8 last year, Pentair disclosed the approval of its Board of Directors to pay dividends in 2016 in four quarterly installments of $0.33 in each of the first and second quarters and that $0.34 in each of the third and fourth quarters. This will turn out to be $1.46 a share on an annualized basis.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The company said that the current year would mark the 40th straight year that Pentair has boosted its dividend rate. The current dividend provided a yield of 2.3 percent, which was better than the five-year average yield of 2.2 percent. The dividend payout ratio was 48 percent, which was lower than the five-year average dividend payout ratio of 69 percent. Similarly, the five-year average dividend growth rate was 7.85 percent
Shares of the company traded 1.13 percent higher on Tuesday.