Ingersoll-Rand (IR) Raises Quarterly Dividend 31.3% to $0.21; 1.7% Yield
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Ingersoll-Rand (IR) Approves $2B Buyback
December 10, 2012 7:34 AM ESTIngersoll-Rand (NYSE: IR) approves a new share repurchase program of up to $2 billion of the companys ordinary shares. The share repurchase program will begin in 2013, with an expected completion in the first quarter of 2014. The timing of the program will be dependent... More
Ingersoll-Rand (IR) to Spin-Off Security Business Unit
December 10, 2012 7:31 AM ESTIngersoll-Rand plc (NYSE: IR) has unanimously approved a plan to spin off its commercial and residential security businesses (the new security company). The separation will result in two standalone companies: Ingersoll Rand, a world leader in creating comfortable, sustainable and efficient environments through its industrial, transport refrigeration, and heating, ventilation and air conditioning (HVAC) businesses; and the new security company, a leading global provider of electronic and mechanical security products and services, delivering comprehensive solutions to commercial and residential customers. Ingersoll Rand expects the spin-off, which is intended to be tax free to shareholders, to be completed in... More
