Vertiv Holdings Co. (NYSE:VRT) to Issue Dividend Increase – $0.10 Per Share

Vertiv Holdings Co. (NYSE:VRT) declared a quarterly dividend on Friday, November 13th. Shareholders of record on Tuesday, November 24th will be given a dividend of $0.10 per share on Thursday, December 17th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, November 24th. This is a 60.0% increase from Vertiv’s previous quarterly dividend of $0.0625.

Vertiv has increased its dividend by an average of 0.7% annually over the last three years and has increased its dividend every year for the last 2 years. Vertiv has a dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vertiv to earn $9.60 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 2.6%.

Vertiv Stock Performance

NYSE:VRT traded down $8.04 on Friday, reaching $201.60. 5,398,707 shares of the company’s stock were exchanged, compared to its average volume of 6,573,257. The stock has a fifty day simple moving average of $232.64 and a 200-day simple moving average of $270.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.39 and a quick ratio of 1.01. Vertiv has a 52 week low of $147.82 and a 52 week high of $379.93. The firm has a market cap of $77.63 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 0.66 and a beta of 2.11.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.39. Vertiv had a return on equity of 53.31% and a net margin of 15.99%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the firm earned $1.24 EPS. The business’s quarterly revenue was up 61.2% on a year-over-year basis. As a group, sell-side analysts predict that Vertiv will post 7.17 earnings per share for the current year.

Vertiv Company Profile

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.