Vertiv Holdings Co (NYSE:VRT) Announces Quarterly Dividend of $0.04

Vertiv Holdings Co (NYSE:VRT) announced a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be paid a dividend of 0.0375 per share on Thursday, March 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Tuesday, March 18th.

Vertiv has raised its dividend payment by an average of 124.1% per year over the last three years. Vertiv has a dividend payout ratio of 3.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vertiv to earn $4.46 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 3.4%.

Vertiv Stock Performance

VRT traded down $7.15 during trading on Monday, hitting $77.89. The stock had a trading volume of 13,325,919 shares, compared to its average volume of 10,988,073. Vertiv has a one year low of $62.40 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a 50 day moving average price of $115.09 and a 200-day moving average price of $110.94. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 60.85, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the business posted $0.56 EPS. As a group, research analysts predict that Vertiv will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VRT shares. Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Mizuho raised their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. TD Cowen increased their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, UBS Group assumed coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.07.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.