Pentair's Dividend Growth Outpaces Peers, With a Sustainable Payout Ratio and Free Cash Flow Coverage

Pentair (PNR) has increased its dividend for 50 consecutive years, with an 8% raise in 2026 outpacing Johnson & Johnson (4.8%) and Procter & Gamble (5.0%). The payout ratio of 20.2% is far below J&J's 50.5%, and free cash flow covered dividends 4.55 times in fiscal 2025. Shares have returned 103% over five years, outperforming J&J and P&G.