2 unchanged sentences
Pentair has paid 192 consecutive quarterly cash dividends, including most recently a dividend of $0.22 per share in the fourth quarter of 2023.
−Removed: On December 12, 2022, Pentair’s Board of Directors approved a 5 percent increase in the Company’s regular quarterly cash dividend rate (from $0.21 per share to $0.22 per share) that was paid on February 3, 2023 to shareholders of record at the close of business on January 20, 2023.
−Removed: 2023 marks the 47 th consecutive year that Pentair has increased its dividend.
+Added: On December 11, 2023, Pentair’s Board of Directors approved a regular quarterly cash dividend of $0.23 per share that was paid on February 2, 2024 to shareholders of record at the close of business on January 19, 2024.
+Added: This dividend reflects a 5 percent increase in the Company’s regular cash dividend rate and marks the 48 th consecutive year that Pentair has increased its dividend.
The timing, declaration and payment of future dividends to holders of our ordinary shares will depend upon many factors, including our financial condition and results of operations, the capital requirements of our businesses, industry practice and any other relevant factors.
2 unchanged sentences
The following graph sets forth the cumulative total shareholder return on our ordinary shares for the last five years, assuming the investment of $100 on December 31, 2018 and the reinvestment of all dividends since that date to December 31, 2023.
−Removed: The graph also contains for comparison purposes the S&P 500 Index and the S&P 500 Industrials Index, assuming the same investment level and reinvestment of dividends.
+Added: The graph also contains for comparison purposes the S&P 500 Index, the S&P 500 Industrials Index and the S&P Mid Cap 400 Index assuming the same investment level and reinvestment of dividends.
By virtue of our market capitalization, we are a component of the S&P 500 Index.
−Removed: On the basis of our size and diversity of businesses, we believe the S&P 500 Industrials Index is an appropriate published industry index for comparison purposes.
+Added: On the basis of our size and diversity of businesses, we believe the S&P 500 Industrials Index and the S&P Mid Cap 400 Index are appropriate published industry indexes for comparison purposes.
December INDEXED RETURNS
4 unchanged sentences
S&P 500 Industrials Index 100 131.97 162.55 207.89 167.55 218.55
+Added: S&P Mid Cap 400 Index
+Added: 100 124.05 138.70 170.89 146.14 167.26
Purchases of Equity Securities
10 unchanged sentences
October 1 – October 28
+Added: 4,679 $ 63.56 — $ 600,002,203
October 29 – November 25
+Added: 594 60.99 — 600,002,203
November 26 – December 31
+Added: 1,283 65.23 — 600,002,203
Total 6,556 —
2 unchanged sentences
(c) The number of shares in this column represents the number of shares repurchased as part of our publicly announced plans to repurchase our ordinary shares up to a maximum dollar limit authorized by the Board of Directors, discussed below.
−Removed: (d) In December 2020, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $750.0 million (the “2020 Authorization”).
−Removed: The 2020 Authorization expires on December 31, 2025.
−Removed: We have $600.0 million remaining availability for repurchases under the 2020 Authorization.
+Added: (d) In December 2020, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $750.0 million.
+Added: This authorization expires on December 31, 2025.
+Added: As of December 31, 2023, we had $600.0 million remaining availability for repurchases under this authorization.
From time to time, we may enter into a Rule 10b5-1 trading plan for the purpose of repurchasing shares under this authorization.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.