Allegion’s Board Increases Quarterly Dividend by 13%
Allegion plc (NYSE: ALLE) announced a quarterly dividend of $0.36 per share, marking a 13% increase from 2020 and the seventh consecutive annual rise.
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Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, today announced that its board of directors declared a quarterly dividend of
“Allegion remains committed to driving shareholder value, and our board supports our plan to return cash to shareholders with an annual rate of dividend increase above our annual earnings growth rate,” said David D. Petratis, Allegion chairman, president and CEO. “This latest dividend increase conveys our confidence in the company’s efficient cash flow generation. It also demonstrates the continued execution of a flexible and balanced capital allocation strategy.”
The dividend is payable on March 31, 2021, to shareholders of record on March 17, 2021.
About Allegion
Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had
For more, visit www.allegion.com.
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