Reflecting the company’s strong financial performance and cash flow, Vertiv’s Board of Directors has raised its regular annual cash dividend by 50% from 10c to 15c per share, to be declared and paid quarterly. The increase will be effective starting with the fourth-quarter cash dividend of 3.75c per share of Class A common stock, which was declared by the Board of Directors on November 18, and is payable on December 19 , to shareholders of record of Class A common stock at the close of business on December 3.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRT:
- Omega exits stakes in Devon, Las Vegas Sands, KBR, and Paramount Global
- Vertiv Holdings initiated with a Buy at UBS
- Vertiv Holdings price target raised to $135 from $125 at Evercore ISI
- Vertiv Holdings price target raised to $121 from $115 at Oppenheimer
- Vertiv Holdings price target raised to $125 from $110 at Mizuho