Vertiv Holdings Co. (NYSE:VRT – Get Free Report) declared a quarterly dividend on Wednesday, June 3rd. Investors of record on Monday, June 15th will be paid a dividend of 0.0625 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th.
Vertiv has increased its dividend payment 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 dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vertiv to earn $8.43 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 3.0%.
Vertiv Stock Performance
Shares of VRT stock opened at $324.51 on Friday. The business’s fifty day simple moving average is $311.17 and its 200-day simple moving average is $239.44. The company has a market cap of $124.65 billion, a PE ratio of 81.53, a PEG ratio of 1.43 and a beta of 2.03. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. Vertiv has a 12-month low of $107.38 and a 12-month high of $379.93.
About Vertiv
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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