Pentair Declares Quarterly Cash Dividend
Directors of Pentair, Inc. declared a regular quarterly cash dividend of 13 cents per share payable February 11, 2005, to shareholders of record at the close of business on January 28, 2005.
The quarterly dividend rate -- increased as a result of board action taken on December 10, 2004 – represents an 18 percent increase over the previous quarterly dividend of 11 cents per share, and reflects the Company's confidence in its ability to continue generating strong cash flow in the years ahead.
Pentair is a diversified operating company headquartered in Minnesota. Its Water Group is a global leader in providing innovative products and systems used worldwide in the movement, treatment, storage and enjoyment of water. Pentair's Enclosures Group is a leader in the global enclosures market, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components. With 2003 revenues of $2.7 billion, Pentair has approximately 13,000 employees worldwide.
Source: Pentair plc.