Parker-Hannifin (PH) Raises Quarterly Dividend 17% to $1.03; 1.3% Yield

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Parker Increases Quarterly Cash Dividend

April 22, 2021 5:00 PM EDT

CLEVELAND, April 22, 2021 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.03 per share of common stock to shareholders of record as of May 7, 2021.  The dividend is payable June 4, 2021.  The dividend represents a 17% increase over the previous quarterly cash dividend of 88 cents per common share and is the company's 284th consecutive quarterly dividend. 

"This dividend increase reflects the Board's confidence in our financial position and our continued ability to generate strong cash flows... More