Parker-Hannifin (PH) Raises Quarterly Dividend 29.1% to $1.33; 1.9% Yield

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Go back to Parker-Hannifin (PH) Raises Quarterly Dividend 29.1% to $1.33; 1.9% Yield

Parker Increases Quarterly Cash Dividend

April 28, 2022 5:00 PM EDT

CLEVELAND, April 28, 2022 (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 $1.33 per share of common stock to shareholders of record as of May 13, 2022. The dividend is payable June 3, 2022. The dividend represents a 29% increase over the previous quarterly cash dividend of $1.03 per common share and is the company's 288th consecutive quarterly dividend. 

"This dividend increase reflects the Board's confidence in our strong financial position and our commitment to a five-year average... More