Ingersoll-Rand (IR) Raises Quarterly Dividend 25% to $0.40; 2.4% Yield

October 6, 2016 8:57 AM EDT

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Ingersoll-Rand (NYSE: IR) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. This is a 25% increase from the prior dividend of $0.32.

The dividend will be payable on December 30, 2016, to stockholders of record on December 9, 2016, with an ex-dividend date of December 7, 2016.

The annual yield on the dividend is 2.4 percent.

“Over the last six years we’ve increased our dividend nearly five-fold,” said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand. “Today’s announcement underscores our continued confidence in the company’s ability to generate strong cash flow and deliver a dynamic capital allocation strategy that creates long-term shareholder value.”

For a dividend history and other dividend-related data on Ingersoll-Rand (IR) click here.

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