Pentair Announces 7% Increase in Quarterly Cash Dividend.GOLDEN VALLEY, Minn. -- Directors of Pentair, Inc. (NYSE NYSE See: New York Stock Exchange :PNR PNR Partner PNR Passenger Name Record (airlines) PNR Policía Nacional Revolucionaria (Cuban police) PNR Philippine National Railways PNR Point of No Return PNR Polymerase Chain Reaction ) recently approved an increase in the company's regular quarterly cash dividend of approximately 7% percent, or one cent per share, effective for all quarterly dividends payable Dividends payable The declared dividend dollar amount that a company is obligated to pay. in 2007. The new quarterly cash dividend rate - $0.15 per share compared to the previous rate of $0.14 per share - represents Pentair's 31st consecutive annual dividend increase. About Pentair, Inc. Pentair (www.pentair.com) is a diversified diversified (di·verˑ·s operating company operating company A business that engages in transactions with outsiders. 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 2005 revenues of $2.95 billion, Pentair employs approximately 15,000 people worldwide. |
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