Trane, Inc. (NYSE: TT) declared a quarterly dividend of $0.59 per share, or $2.36 annualized. This is an 11.3% increase from the prior dividend of $0.53.

The dividend will be payable on March 31, 2021, to stockholders of record on March 5, 2021, with an ex-dividend date of March 4, 2021.

The annual yield on the dividend is 1.6 percent.

The Board of Directors also authorized a new share repurchase program of up to $2 billion of the company’s ordinary shares, to commence upon the completion of the company’s current $1.5 billion program

For a dividend history and other dividend-related data on Trane, Inc. (TT) click here.