Donaldson (DCI) Raises Quarterly Dividend 3% to $0.17; Approves 14M Common Stock Buyback Plan

Donaldson (NYSE: DCI) declared a quarterly dividend of $0.17 per share, or $0.68 annualized. This is a 3% increase from the prior dividend of $0.165.

The dividend will be payable on July 2, 2015, to stockholders of record on June 16, 2015, with an ex-dividend date of June 12, 2015.

The annual yield on the dividend is 1.9 percent.

Additionally, Donaldson’s Board of Directors authorized the repurchase of up to 14 million shares of its common stock, or approximately 10 percent of its outstanding shares. The new repurchase authorization replaces the existing authority that was approved in September 2013. Through the third quarter of fiscal 2015, the Company has repurchased approximately 11.6 million shares under the prior authorization of 15 million shares. Over the past 25 years, Donaldson has, on average, reduced its outstanding shares by approximately 2.1 percent annually.

For a dividend history and other dividend-related data on Donaldson (DCI) click here.

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