Allegion plc (ALLE) Raises Quarterly Dividend 12.5% to $0.36; 1.3% Yield

Allegion plc (NYSE: ALLE) declared a quarterly dividend of $0.36 per share, or $1.44 annualized. This is a 12.5% increase from the prior dividend of $0.32.

The dividend will be payable on March 31, 2021, to stockholders of record on March 17, 2021, with an ex-dividend date of March 16, 2021.

The annual yield on the dividend is 1.3 percent.

“Allegion remains committed to driving shareholder value, and our board supports our plan to return cash to shareholders with an annual rate of dividend increase above our annual earnings growth rate,” said David D. Petratis, Allegion chairman, president and CEO. “This latest dividend increase conveys our confidence in the company’s efficient cash flow generation. It also demonstrates the continued execution of a flexible and balanced capital allocation strategy.”

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

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