Market Overview

nVent Announces First Quarterly Cash Dividend and Share Repurchase Program


nVent Electric plc (NYSE:NVT) ("nVent") announced today that it will pay
its first regular quarterly cash dividend of $0.175 per share on August
17, 2018 to shareholders of record at the close of business on August 3,

"We believe this dividend is very competitive amongst our peers and is
an important step toward our goal of delivering top-tier returns to our
shareholders," said nVent Chief Executive Officer Beth Wozniak.

The nVent board of directors also approved a three-year share repurchase
authorization of $500 million. "The initiation of this share repurchase
program is an important part of our capital allocation strategy and
provides another avenue for us to deliver value to our shareholders,"
Wozniak said.

About nVent
nVent is a leading global provider of electrical
connection and protection solutions. We believe our inventive electrical
solutions enable safer systems and ensure a more secure world. We
design, manufacture, market, install, and service high performance
products and solutions that connect and protect some of the world's most
sensitive equipment, buildings, and critical processes. We offer a
comprehensive range of enclosures, electrical connections and fastening,
and thermal management solutions across industry-leading brands that are
recognized globally for quality, reliability, and innovation. Our robust
portfolio of leading electrical product brands dates back more than 100
years and includes nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and

of nVent Electric plc.

This press
release contains statements that we believe to be "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements, other than statements of historical
fact are forward-looking statements. Without limitation, any statements
preceded or followed by or that include the words "targets," "plans,"
"believes," "expects," "intends," "will," "likely," "may,"
"anticipates," "estimates," "projects," "should," "would," "positioned,"
"strategy," "future" or words, phrases or terms of similar substance or
the negative thereof, are forward-looking statements. All projections in
this press release are also forward-looking statements. These
forward-looking statements are not guarantees of future performance and
are subject to risks, uncertainties, assumptions and other factors, some
of which are beyond our control, which could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. These factors include the ability to realize
the anticipated benefits from our separation from Pentair (the
"Separation"); adverse effects on our business operations or financial
results as a result of the consummation of the Separation; the ability
of our business to operate independently following the Separation;
overall global economic and business conditions impacting our business;
the ability to achieve the benefits of our restructuring plans; the
ability to successfully identify, finance, complete and integrate
acquisitions; competition and pricing pressures in the markets we serve,
including the impacts of tariffs; the strength of housing and related
markets; volatility in currency exchange rates and commodity prices;
inability to generate savings from excellence in operations initiatives
consisting of lean enterprise, supply management and cash flow
practices; increased risks associated with operating foreign businesses;
the ability to deliver backlog and win future project work; failure of
markets to accept new product introductions and enhancements; the impact
of changes in laws and regulations, including those that limit U.S. tax
benefits; the outcome of litigation and governmental proceedings; and
the ability to achieve our long-term strategic operating goals.
Additional information concerning these and other factors is contained
in our filings with the Securities and Exchange Commission, including
nVent's Registration Statement on Form 10, as amended. All
forward-looking statements speak only as of the date of this press
release. nVent assumes no obligation, and disclaims any obligation, to
update the information contained in this press release.

View Comments and Join the Discussion!