Vertiv Holdings Co. (NYSE:VRT – Get Free Report) announced a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Monday, September 14th will be given a dividend of 0.0625 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, September 14th.
Vertiv has increased its dividend by an average of 0.7%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Vertiv has a payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vertiv to earn $8.96 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 2.8%.
Vertiv Price Performance
VRT opened at $256.91 on Friday. Vertiv has a fifty-two week low of $132.68 and a fifty-two week high of $379.93. The firm has a 50-day moving average of $278.40 and a 200 day moving average of $291.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.38. The firm has a market cap of $98.91 billion, a P/E ratio of 58.12, a PEG ratio of 1.02 and a beta of 2.07.
About Vertiv
Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.
The company’s products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.
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