NDSN vs PNR: Dividend Comparison
Dividend data as of
Nordson Corp (NDSN) and PENTAIR plc (PNR) are both in the Industrials sector, making them natural rivals for dividend investors. Both stocks offer similar yields — NDSN at 1.07% and PNR at 1.01%. For dividend growth, NDSN leads with a 5-year CAGR of 21.9% versus PNR's 13.6%. Both stocks carry a "Safe" dividend safety rating.
Verdict
Yield Analysis
NDSN yields 0.05% more than PNR. In dollar terms, NDSN pays $3.16/share vs PNR's $1.00/share annually.
Dividend Growth
NDSN: Dividend growth has been steady, with a 3-year CAGR of 22.3% and a 5-year CAGR of 21.9% (10-year: 16.3%).
PNR: Dividend growth is accelerating — the 3-year CAGR of 23.1% exceeds the 5-year rate of 13.6% and the 10-year rate of 4.4%.
Dividend Safety
NDSN: The payout ratio of 37% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 2.7x.
PNR: The payout ratio of 25% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 3.9x.
Estimated Annual Dividend Income
Based on current dividend yields. Actual income may vary.
What does $10,000 buy in NDSN vs PNR today?
At $298.62 per share, $10,000 buys about 33.5 shares of Nordson Corp (NDSN). Each share pays $3.16 per year in dividends, so the position starts out generating roughly $106 per year — about $9 a month.
At $101.30 per share, $10,000 buys about 98.7 shares of PENTAIR plc (PNR). Each share pays $1.00 per year in dividends, so the position starts out generating roughly $99 per year — about $8 a month.
On day one the two positions generate nearly identical income; the difference comes from what happens to each dividend afterward.
What could $10,000 of NDSN or PNR income look like in 10 years?
Nordson Corp (NDSN) has raised its dividend about 21.9% a year over the past five years. If that pace held, the $107 per year that $10,000 generates today at the current 1.07% yield would reach $777 per year by 2036 — a 7.8% yield on the original cost.
PENTAIR plc (PNR) has raised its dividend about 13.6% a year over the past five years. If that pace held, the $101 per year that $10,000 generates today at the current 1.01% yield would reach $364 per year by 2036 — a 3.6% yield on the original cost.
On those trailing rates, NDSN pays more in 2036: $777 versus $364 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.
When would PNR's dividend growth overtake NDSN's higher yield?
It doesn't, on the trailing numbers. Nordson Corp (NDSN) yields more today (1.07% vs 1.01%) and has also grown its dividend at least as fast (21.9% vs 13.6% a year over five years). Unless PNR accelerates its raises or NDSN stumbles, PNR never closes the income gap — NDSN wins on both current income and growth.
Can NDSN and PNR afford their dividends?
Nordson Corp (NDSN) earns $8.50 per share against $3.16 paid out in dividends — 2.7x coverage (a 37% payout ratio).
PENTAIR plc (PNR) earns $3.93 per share against $1.00 paid out in dividends — 3.9x coverage (a 25% payout ratio).
PNR's wider coverage leaves more cushion if earnings dip. As a rule of thumb, coverage below about 1.5x (a payout ratio above ~65%) is where a dividend starts to look stretched — worth watching for NDSN if earnings weaken.
Which fits an early-retirement income portfolio better, NDSN or PNR?
For income you need right now, Nordson Corp (NDSN) leads: $100,000 invested today pays about $89 a month at the current 1.07% yield, versus $85 a month from PENTAIR plc (PNR) at 1.01%.
NDSN also leads on dividend growth (21.9% vs 13.6% a year over five years), so the trailing numbers favor it on both fronts.
On consistency: NDSN has raised its dividend 1 consecutive year.
Many income investors simply hold both — the mix pairs current yield with growth and spreads single-name risk. Whichever way you lean, dividends are never guaranteed; recheck the payout each quarter rather than setting and forgetting.
$10,000 with DRIP: projected annual income
If each holding keeps raising its dividend at its real 5-year rate and every payment is reinvested, a $10,000 position pays $864/yr in NDSN vs $402/yr in PNR by year 10.
Assumes dividends are reinvested at the current yield and grow at each holding's trailing 5-year dividend CAGR. A projection, not a prediction — no price appreciation modeled.
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