Pentair, a water solutions company, announced its 50th consecutive annual dividend increase, raising its quarterly cash dividend by 8%. This puts Pentair in the elite group of “Dividend Kings,” with at least 50 years of dividend growth. Additionally, the company revealed a $1 billion share repurchase program, which could provide a small but meaningful boost to its stock. Pentair’s strong track record and potential for growth make it an attractive option for long-term investors. However, analysts recommend considering other stocks for potentially higher returns.

Read more at Nasdaq: This Dividend King Just Raised Its Payout for the 50th Time