Donaldson Company Declares Quarterly Cash Dividend
Donaldson Company, Inc. (DCI) has declared a regular cash dividend of 25.0 cents per share, payable on February 28, 2024, to shareholders of record on February 12, 2024. The company is a member of the S&P High-Yield Dividend Aristocrats Index and has seen 28 consecutive years of annual dividend increases. Additionally, Donaldson has a 68-year history of paying cash dividends every quarter.
Positive
Regular cash dividend declared
28th consecutive year of annual dividend increases
68-year history of paying cash dividends every quarter
The declaration of a regular cash dividend of 25.0 cents per share by Donaldson Company, Inc. represents a continued commitment to returning value to shareholders. This action is a strong signal of financial stability and confidence in the company's cash flow generation capabilities. Given the company's inclusion in the S&P High-Yield Dividend Aristocrats Index, which requires at least 20 consecutive years of dividend increases, Donaldson's announcement is consistent with the performance expected from companies within this index.
From a financial analysis perspective, the sustainability of such dividend payments can be assessed by examining the company's payout ratio, free cash flow and earnings growth. A consistent history of dividend payments, such as Donaldson's 68-year streak, often attracts income-focused investors and can contribute to a stable shareholder base. However, investors should also consider the opportunity cost of these dividends, especially if the company's growth opportunities are constrained by the capital distributed to shareholders.
Donaldson's 28th consecutive year of dividend increases places the company among a select group of businesses that have consistently rewarded shareholders. This can have a positive impact on the company's stock market perception, potentially leading to a more favorable P/E ratio compared to peers with less consistent dividend policies. It's important to analyze market trends and investor sentiment to understand how such announcements are received in the context of the broader economic environment.
Market research can also provide insights into the competitive landscape and the relative attractiveness of Donaldson's dividend yield in comparison to other investment opportunities. The company's long-term commitment to dividends might be a reflection of its market positioning and the maturity of its business model, which could influence its valuation and stock market performance.
01/25/2024 - 01:47 PM
MINNEAPOLIS --(BUSINESS WIRE)--
Donaldson Company, Inc. (NYSE: DCI) today announced that its Board of Directors declared a regular cash dividend of 25.0 cents per share. The dividend is payable February 28, 2024, to shareholders of record on February 12, 2024. Donaldson is a member of the S&P High-Yield Dividend Aristocrats Index and calendar year 2023 marked the 28th consecutive year of annual dividend increases. The Company has paid a cash dividend every quarter for 68 years.
About Donaldson Company, Inc.
Founded in 1915, Donaldson (NYSE: DCI) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Diverse, skilled employees at over 140 locations on six continents partner with customers—from small business owners to R&D organizations and the world’s biggest OEM brands. Donaldson solves complex filtration challenges through three primary segments: Mobile Solutions, Industrial Solutions and Life Sciences. Additional information is available at www.Donaldson.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20240125824475/en/
Sarika Dhadwal (952) 887-3753
Sarika.Dhadwal@Donaldson.com
Source: Donaldson Company, Inc.
What is the dividend amount declared by Donaldson Company, Inc. (DCI)?
Donaldson Company, Inc. (DCI) declared a regular cash dividend of 25.0 cents per share.
When is the dividend payable to shareholders of Donaldson Company, Inc. (DCI)?
The dividend is payable on February 28, 2024, to shareholders of record on February 12, 2024.
How many consecutive years has Donaldson Company, Inc. (DCI) seen annual dividend increases?
Donaldson Company, Inc. (DCI) has marked 28 consecutive years of annual dividend increases.
What is the history of cash dividends payment by Donaldson Company, Inc. (DCI)?
The company has a 68-year history of paying cash dividends every quarter.
DCI Rankings
#2009 Ranked by Stock Gains
DCI Stock Data
Industry
Iron and Steel Forging
Sector
Manufacturing
Tags
Process Industries, Industrial Specialties, Manufacturing, Iron and Steel Forging
Country
US
City
Minneapolis
About DCI
donaldson is one of the nation’s largest and consistently growing filtration manufacturers. we have a rich history beginning in 1915 when our founder, frank a. donaldson, made the first ever successful air cleaner for internal combustion engines. the company has emphasized the role of invention and innovation ever since. we are technology-driven. of our over 13,000 employees, 1,000 of them are scientists and engineers. we strive to solve complex filtration challenges with our value-added innovations. today, those innovative filtration systems are on everything from heavy-duty trucks on the interstate to computer disk drives that store valuable information. donaldson is a member of the s&p midcap 400 index and donaldson shares are traded on the new york stock exchange under the symbol dci.
