Parker Hannifin (PH) Increases Quarterly Dividend
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Parker Hannifin Corporation (NYSE: PH) announced that its Board of Directors increased the company's regular quarterly cash dividend to 25 cents per share of common stock, and declared a dividend payable September 5, 2008 to shareholders of record as of August 25, 2008. This represents a 19 percent increase over the previous quarterly dividend of 21 cents per share and is the company's 233rd consecutive quarterly dividend, resulting in a total distribution of approximately $42 million to shareholders.[SM]
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