07:23 AM EDT, 05/17/2024 (MT Newswires) -- nVent Electric ( NVT ) said Friday that its board has approved a three-year share-repurchase program to buy back up to $500 million of its shares.

The program will take effect July 23, upon the expiration of the company's current share-repurchase program.

Meanwhile, the company maintained a regular quarterly cash dividend of $0.19 per ordinary share, payable on Aug. 2 to shareholders of record on July 19.

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