nVent Electric plc (NYSE:NVT) will begin trading ex-dividend on October 22, 2020. The quarterly dividend payment of $ 0.175 per share is scheduled to be paid on November 6, 2020. The dividend yield based on the latest trading day closing price was 3.64 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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nVent Electric plc recently reported second quarter financial results on July 31, 2020, before market open, the London based company unwinded income for the second quarter of $ 0.29 per share, from the revenue of $ 447.20 million. The quarterly earnings reduced 34.09 percent while revenues fell 17.11 percent compared with the same quarter last year.
Street analysts expected nVent Electric plc recently reported second quarter financial results on July 31, 2020, before market open, the London based company to report income of $ 0.24 per share on revenue of $ 436.16 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 20.83 percent, at the same time, top line results outshined analysts by $ 11.04 million or 2.53 percent.
Stock Performance
Shares of nVent Electric plc traded up $ 0.39 or 2.07 percent on Thursday, reaching $ 19.23 with volume of 1.33 million shares. nVent Electric plc has traded high as $ 19.38 and has cracked $ 18.43 on the downward trend
According to the previous trading day, closing price of $ 19.23, representing a 78.75 % increase from the 52 week low of $ 10.54 and a 34.47 % decrease over the 52 week high of $ 28.75.
The company has a market capital of $ 3.27 billion and is part of the Technology sector and Electronic Components industry.
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United States, Canada, Mexico, Europe, the Middle East, Africa, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment provides solutions to protect, connect, and manage heat in critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection solutions for broadband voice, data, and video surveillance applications.
