A Record-Breaking Dividend Increase for Parker-Hannifin
In a move that underscores its commitment to delivering value to shareholders, Parker-Hannifin Corporation, a leading industrial and aerospace systems designer, has announced a dividend increase for the 69th consecutive year. This remarkable streak is a testament to the company’s consistent track record of growth and stability.
The quarterly dividend has been raised by 10.4% to $1.80 per share, resulting in an annual dividend of $7.20 per share, equivalent to a 1.2% direct return on investment. This increase reflects the company’s confidence in its financial performance and its ability to continue delivering value to its shareholders.
In contrast, other companies in the industry have been facing challenges, including accounting errors and concerns over imports from China. However, these developments do not appear to have had a direct impact on Parker-Hannifin’s financial performance. The company continues to operate globally, serving customers worldwide with its diversified industrial and aerospace systems.
Key Highlights
- 69th consecutive year of dividend increase
- Quarterly dividend raised by 10.4% to $1.80 per share
- Annual dividend of $7.20 per share, equivalent to a 1.2% direct return on investment
- Company continues to operate globally, serving customers worldwide with its diversified industrial and aerospace systems
Parker-Hannifin’s commitment to delivering value to its shareholders is a key factor in its success. The company’s ability to navigate the challenges facing the industry and continue to grow and thrive is a testament to its strength and resilience. As the company continues to operate globally, its commitment to delivering value to shareholders remains unwavering.