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

Vertiv Holdings Co (NYSE:VRT - Get Free Report) announced a quarterly dividend on Friday, March 7th, 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 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th.

Vertiv has increased 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 research 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 Price Performance

Shares of VRT traded up $2.11 during mid-day trading on Wednesday, hitting $85.23. 9,859,267 shares of the company were exchanged, compared to its average volume of 11,042,131. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv has a 1-year low of $62.40 and a 1-year high of $155.84. The stock has a market cap of $32.45 billion, a price-to-earnings ratio of 66.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a 50 day moving average of $113.71 and a 200-day moving average of $110.98.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the previous year, the company earned $0.56 earnings per share. Analysts expect that Vertiv will post 3.59 EPS for the current fiscal year.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VRT. Oppenheimer upped their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Barclays decreased their price objective on Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Mizuho raised their target price on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $136.07.

Vertiv Company Profile

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.