Vertiv Hosts Investor Event and Announces Quarterly Dividend
November 18 2024 - 6:30AM
Business Wire
Vertiv (NYSE: VRT), a global provider of critical digital
infrastructure and continuity solutions, will host its previously
announced Investor Event today in Atlanta beginning at 2:30 p.m.
Eastern Time. The Investor Event is being held in conjunction with
SC24: International Conference for High Performance Computing,
Networking, Storage and Analysis, where Vertiv is exhibiting its
latest technology showcase. At the event and in the presentation
materials, Vertiv’s management team will update investors on the
Company’s vision and strategy, current business and operations,
market opportunities and financial performance, including guidance.
As previously announced, a webcast of the live event and
presentation materials will be accessible in the Investor Relations
section of Vertiv’s website at investors.vertiv.com at
approximately 2:15 pm Eastern Time, and a replay of Vertiv’s 2024
Investor Event will also be available for 30 days following the
webcast.
Reflecting the company’s strong financial performance and cash
flow, Vertiv's Board of Directors has raised its regular annual
cash dividend by 50% from $0.10 to $0.15 per share, to be declared
and paid quarterly. The increase will be effective starting with
the fourth-quarter cash dividend of $0.0375 per share of Class A
common stock, which was declared by the Board of Directors today,
and is payable on December 19, 2024, to shareholders of record of
Class A common stock at the close of business on December 3,
2024.
About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics
and ongoing services to enable its customers’ vital applications to
run continuously, perform optimally and grow with their business
needs. Vertiv solves the most important challenges facing today’s
data centers, communication networks and commercial and industrial
facilities with a portfolio of power, cooling and IT infrastructure
solutions and services that extends from the cloud to the edge of
the network. Headquartered in Westerville, Ohio, USA, Vertiv does
business in more than 130 countries. For more information, and for
the latest news and content from Vertiv, visit Vertiv.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27 of the Securities Act, and Section 21E of the Securities
Exchange Act. These statements are only a prediction. Actual events
or results may differ materially from those in the forward-looking
statements set forth herein. Readers are referred to Vertiv’s
filings with the Securities and Exchange Commission, including its
most recent Annual Report on Form 10-K and any subsequent Quarterly
Reports on Form 10-Q for a discussion of these and other important
risk factors concerning Vertiv and its operations. Vertiv is under
no obligation to, and expressly disclaims any obligation to, update
or alter its forward-looking statements, whether as a result of new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241116946479/en/
For investor inquiries, please contact: Lynne Maxeiner
Vice President, Global Treasury & Investor Relations Vertiv T
+1 614-841-6776 E : lynne.maxeiner@vertiv.com
For media inquiries, please contact: Peter Poulos
FleishmanHillard for Vertiv T +1 646-284-4991 E:
peter.poulos@fleishman.com
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