Published on 21 Apr 2024 on Simply Wall St. via Yahoo Finance

Why You Might Be Interested In nVent Electric plc (NYSE:NVT) For Its Upcoming Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that nVent Electric plc (NYSE:NVT) is about to go ex-dividend in just three days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Meaning, you will need to purchase nVent Electric's shares before the 25th of April to receive the dividend, which will be paid on the 10th of May.

The company's next dividend payment will be US$0.19 per share, on the back of last year when the company paid a total of US$0.76 to shareholders. Looking at the last 12 months of distributions, nVent Electric has a trailing yield of approximately 1.1% on its current stock price of US$71.63. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.