Trane Technologies (TT) Raises Quarterly Dividend 11.9% to $0.75; 1.6% Yield

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Trane Technologies Increases Annual Dividend by 12 Percent

February 9, 2023 6:30 AM EST

SWORDS, Ireland--(BUSINESS WIRE)-- The Board of Directors of Trane Technologies plc (NYSE: TT), a global climate innovator, today announced it will increase its dividend by 12%, from $0.67 to $0.75 per share quarterly and from $2.68 to $3.00 per share annualized. The dividend is payable March 31, 2023 to shareholders of record on March 3, 2023.

Our purpose-driven strategy and strong execution enables us to continuously invest in sustainable innovation while returning substantial cash to shareholders, said Dave Regnery, chair and chief executive officer. We have increased the dividend by 42% since the launch of Trane Technologies as a focused climate... More