Vertiv Holdings Co. (NYSE:VRT – Get Free Report) announced a quarterly dividend on Wednesday, September 2nd. Investors of record on Monday, September 14th will be paid 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 raised its dividend by an average of 0.7%annually over the last three years and has raised its dividend every year for the last 2 years. Vertiv has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vertiv to earn $8.88 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 Stock Performance
Shares of Vertiv stock opened at $256.47 on Thursday. The business’s fifty day simple moving average is $284.33 and its 200 day simple moving average is $290.64. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. Vertiv has a 12 month low of $118.70 and a 12 month high of $379.93. The firm has a market capitalization of $98.74 billion, a P/E ratio of 58.02, a price-to-earnings-growth ratio of 1.05 and a beta of 2.07.
Trending Headlines about Vertiv
Here are the key news stories impacting Vertiv this week:
- Positive Sentiment: $2.6 billion AI infrastructure acquisition: Vertiv agreed to acquire UtilityInnovation Group for approximately $1.45 billion in cash upfront, plus up to $1.15 billion in earnout payments tied to EBITDA targets. UIG adds microgrid controls, onsite-generation orchestration, switchgear and behind-the-meter power capabilities, extending Vertiv’s offerings from the electric grid to the data-center chip. Management expects the transaction to be accretive to adjusted EPS in the first year after closing. Vertiv acquisition announcement
- Positive Sentiment: Analysts remain broadly constructive: Brokerages maintain a consensus “Moderate Buy” rating, with an average price target of $357.83. Vertiv’s latest quarterly results also included an EPS beat and 24.1% year-over-year revenue growth, although revenue fell short of estimates.
- Neutral Sentiment: Quarterly dividend declared: Vertiv approved a $0.0625-per-share dividend payable September 24 to shareholders of record September 14. The annualized yield is only about 0.1%, so the payout is unlikely to materially affect the stock but signals continued shareholder returns. Vertiv dividend announcement
- Negative Sentiment: Zacks downgrade: Zacks Research lowered Vertiv from “strong buy” to “hold,” citing the need for strong execution and concern over its premium valuation after a roughly 20% decline over the prior three months. Zacks Vertiv analysis
- Negative Sentiment: Director sale: Director Edward Monser sold 15,287 shares for approximately $3.88 million, reducing his holdings by about 48%. The trade was made under a pre-arranged Rule 10b5-1 plan, which limits its significance but may still modestly affect sentiment. SEC insider transaction filing
- Negative Sentiment: Legal-investigation headline: Hagens Berman announced an investigation into potential securities-law violations following Vertiv’s disappointing second-quarter revenue and reported execution challenges. The investigation is only an allegation, not a finding of wrongdoing, but adds uncertainty for investors. Hagens Berman Vertiv investigation announcement
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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