Veralto Announces Increase in Quarterly Dividend

Rhea-AI Summary

Veralto (NYSE: VLTO) has announced a significant increase in its quarterly dividend. The company's board of directors approved a 22% increase in the quarterly cash dividend, setting it at $0.11 per share of common stock. The dividend will be paid on January 31, 2025 to shareholders of record as of December 31, 2024. Veralto, which specializes in water and product quality solutions, made this announcement as part of its commitment to shareholder value.

Positive

• 22% increase in quarterly dividend demonstrates strong financial position
• Increased cash return to shareholders from $0.09 to $0.11 per share
• Shows management confidence in company's cash flow generation

Negative

• None.

News Market Reaction

+2.88%

1 alert

+2.88% News Effect

On the day this news was published, VLTO gained 2.88%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WALTHAM, Mass., Dec. 19, 2024 /PRNewswire/ -- Veralto (NYSE: VLTO), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™, announced today that its board of directors has approved a 22% increase to its quarterly cash dividend, and accordingly approved a quarterly cash dividend of $0.11 per share of its common stock, payable on January 31, 2025 to holders of record as of the close of business on December 31, 2024.

About Veralto

With annual sales of $5 billion, Veralto is a global leader in essential technology solutions with a proven track record of solving some of the most complex challenges we face as a society. Our industry-leading companies with globally recognized brands are building on a long-established legacy of innovation and customer trust to create a safer, cleaner, more vibrant future. Headquartered in Waltham, Massachusetts, our global team of 16,000 associates is committed to making an enduring positive impact on our world and united by a powerful purpose: Safeguarding the World's Most Vital Resources™.

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SOURCE Veralto

FAQ

What is Veralto's new quarterly dividend amount for 2025?

Veralto's new quarterly dividend amount is $0.11 per share, representing a 22% increase from the previous dividend.

When will VLTO's increased dividend be paid to shareholders?

The increased dividend will be paid on January 31, 2025, to shareholders of record as of December 31, 2024.

What is the percentage increase in Veralto's quarterly dividend?

Veralto announced a 22% increase in its quarterly cash dividend.

What is the record date for VLTO's new quarterly dividend?

The record date for Veralto's new quarterly dividend is December 31, 2024.

How much will VLTO shareholders receive annually with the new dividend?

Based on the new quarterly dividend of $0.11 per share, VLTO shareholders will receive $0.44 per share annually.