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Parker Increases Quarterly Cash Dividend

Nachrichtenquelle: globenewswire
22.04.2021, 23:00  |  111   |   |   

CLEVELAND, April 22, 2021 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.03 per share of common stock to shareholders of record as of May 7, 2021.  The dividend is payable June 4, 2021.  The dividend represents a 17% increase over the previous quarterly cash dividend of 88 cents per common share and is the company's 284th consecutive quarterly dividend. 

"This dividend increase reflects the Board's confidence in our financial position and our continued ability to generate strong cash flows throughout the business cycle,” said Todd Leombruno, Executive Vice President and Chief Financial Officer.  “We remain committed to maintaining our record of increasing our annual dividend payout which now stands at 65 consecutive fiscal years and is among the top five longest-running dividend-increase records in the S&P 500 Index.”

Parker Hannifin is a Fortune 250 global leader in motion and control technologies.  For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow.  Learn more at www.parker.com or @parkerhannifin.

Forward-Looking Statements
Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. These statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “potential,” “continues,” “plans,” “forecasts,” “estimates,” “projects,” “predicts,” “would,” “intends,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and include all statements regarding future performance, earnings projections, events or developments.  Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance and earnings projections of the company, including its individual segments, may differ materially from current expectations, depending on economic conditions within its mobile, industrial and aerospace markets, and the company's ability to maintain and achieve anticipated benefits associated with announced realignment activities, strategic initiatives to improve operating margins, actions taken to combat the effects of the current economic environment, and growth, innovation and global diversification initiatives. Additionally, the actual impact of changes in tax laws in the United States and foreign jurisdictions and any judicial or regulatory interpretation thereof on future performance and earnings projections may impact the company’s tax calculations. A change in the economic conditions in individual markets may have a particularly volatile effect on segment performance.

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Parker Increases Quarterly Cash Dividend CLEVELAND, April 22, 2021 (GLOBE NEWSWIRE) - Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.03 per …

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