nVent Electric Approves $500 Million Share Buyback; Maintains Quarterly Dividend

MT Newswires Live

05/18

nVent Electric (NVT) nVent Electric approved a three-year share repurchase program for up to $500 million worth of shares, starting July 23, the company said Saturday.

The program is in addition to nVent's existing 2024 authorization which expires in 2027 and has about $96 million remaining, the company said.

The company also maintained a quarterly cash dividend of $0.21 per share, payable Aug. 7 to shareholders of record as of Jul. 24.

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