Parker-Hannifin (PH) Raises Quarterly Dividend 15.8% to $0.88; 1.9% Yield

Parker-Hannifin (NYSE: PH) declared a quarterly dividend of $0.88 per share, or $3.52 annualized. This is a 15.8% increase from the prior dividend of $0.76.

The dividend will be payable on June 7, 2019, to stockholders of record on May 10, 2019, with an ex-dividend date of May 9, 2019.

The annual yield on the dividend is 1.9 percent.

"This increase in Parker’s quarterly dividend reflects the Board’s confidence in our ability to consistently generate strong free cash flow,” said Executive Vice President, Finance and Administration & CFO Cathy Suever. “Our performance gives us the financial flexibility to return value to our shareholders in the form of our long-standing record of increasing our annual dividend payout every year for the last 63 fiscal years.”

For a dividend history and other dividend-related data on Parker-Hannifin (PH) click here.

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