5 Dividend Aristocrats Under $60 You Can Buy in September

In this article, we discuss 5 dividend aristocrats under $60 you can buy in September. If you want to read our detailed analysis of dividend aristocrats and their performance in the past, go directly to read 10 Dividend Aristocrats Under $60 You Can Buy in September.

5. Pentair plc (NYSE:PNR)

Share Price as of September 5: $43.9
Dividend Yield as of September 5: 1.91%

Pentair plc (NYSE:PNR) is an American water treatment company that provides related solutions to its consumers. In 2021, the company extended its dividend growth track record to 46 years. It currently pays a quarterly dividend of $0.21 per share, with a dividend yield of 1.91%, as of September 5.

In Q2 2022, Pentair plc (NYSE:PNR) reported revenue of $1.02 billion, up from 8.4% in the same period last year. The company’s operating cash flow came in at $308 million and its free cash flow stood at $288 million. It paid nearly $70 million in dividends to shareholders during the quarter, compared with $66.7 million in the prior-year quarter. The company’s payout ratio stands at 24.1%.

In July, Cowen maintained its Outperform rating on Pentair plc (NYSE:PNR) as the company presented guidance above analysts’ expectations.

At the end of June 2022, 31 hedge funds tracked by Insider Monkey owned stakes in Pentair plc (NYSE:PNR), compared with 38 in the previous quarter. The consolidated value of these stakes is roughly $947 million. Impax Asset Management was the company’s leading stakeholder in Q2, owning over 12.3 million shares.