How Safe Is Pentair's Dividend?

The quest for dividends leads many investors to look at industries with which they aren't familiar. Pentair (NYSE: PNR) isn't among the best-known names to typical consumers, but the work it does with industrial equipment is necessary to the smooth operation of the manufacturing economy. Pentair also has a long track record of treating its shareholders well by providing not only a reasonable dividend but also a payout that has grown steadily over time. Yet Pentair's dividend growth rate has slowed, and that has some people fearing that the payout might not be entirely safe. Let's take a closer look at the stock to see whether those concerns are warranted.

Current Quarterly Dividend per Share

$0.345

Source: Fool.com