Pentair to increase dividend to 23c from 22c for 1Q13, 2Q13 Pentair Ltd. (PNR) announced that its sole shareholder prior to the spin-off, Tyco International (TYC), has authorized Pentair Ltd. to pay a cash dividend of 22c per share on November 9 to shareholders of record on October 26. Tyco as sole shareholder also approved raising the quarterly dividend to 23c per share per quarter effective for the first and second quarters of 2013. Pentair Ltd. intends to seek authorization from its shareholders at its 2013 annual general meeting of shareholders to extend the increased dividend or increase the dividend further for the remainder of 2013.
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