Allegion plc (ALLE) Raises Quarterly Dividend 28.6% to $0.27; 1.2% Yield

Allegion plc (NYSE: ALLE) declared a quarterly dividend of $0.27 per share, or $1.08 annualized. This is a 28.6% increase from the prior dividend of $0.21.

The dividend will be payable on March 29, 2019, to stockholders of record on March 15, 2019, with an ex-dividend date of March 14, 2019.

The annual yield on the dividend is 1.2 percent.

"Our action reflects Allegion's continued commitment to drive sustainable shareholder returns," said David D. Petratis, Allegion chairman, president and CEO. "The large increase in the dividend conveys our confidence in the company’s long-term cash flow prospects. In addition, this action supports the company’s balanced capital allocation strategy, including organic growth investments, accretive acquisitions and shareholder distributions. It also shows the board’s support of our plan to return cash to shareholders in the form of dividends above our annual earnings growth rate."

For a dividend history and other dividend-related data on Allegion plc (ALLE) click here.

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