NVent Electric raises quarterly dividend by 9% to 19 cents a share

NVent Electric Plc
NVT,
+2.02%
said Tuesday its board has agreed to hike its quarterly cash dividend by 9% to 19 cents a share. The new dividend is payable Feb. 2, 2024 to shareholders of record as of Jan. 19. The London-based company makes electrical connection and protection systems. The stock has gained 47% in the year to date, while the S&P 500
SPX,
+0.39%
has gained 20%.