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 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.
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