April 29, 2013
/PRNewswire/ -- Pentair Ltd. (NYSE: PNR) today announced that Pentair shareholders approved a Board of Directors recommended proposal to distribute an ordinary cash dividend of
per share. Payment of the dividend will be made in four equal quarterly installments of
in each of the third and fourth quarters of 2013 and the first and second quarters of 2014 at such times and with such record dates as shall be determined by Pentair's Board of Directors. The dividends will be paid out of Pentair's capital contribution reserve and represents an increase of
per share per quarter over the previous dividend. This dividend increase marks the 37
consecutive year in which Pentair has increased its dividend.
Pentair paid dividends of
per share in 2012, and had announced on
September 28, 2012
that it would pay dividends previously authorized by Pentair's former sole shareholder on
September 14, 2012
per share out of its capital contribution reserve for each of the first and second quarters of 2013.
About Pentair Ltd.
) delivers industry-leading products, services and solutions for its customers' diverse needs in water and other fluids, thermal management and equipment protection. With pro forma revenues of approximately
, Pentair employs more than 30,000 people worldwide.
Jim Lucas Vice President, Investor Relations Tel.: 763-656-5575 E-mail:
Manager, Corporate CommunicationsTel.: 763-656-5537Email:
SOURCE Pentair Ltd.