Parker Declares Quarterly Cash Dividend
Rhea-AI Summary
Parker Hannifin Corporation (NYSE: PH) has declared a quarterly cash dividend of 88 cents per share for shareholders of record as of February 10, 2021, payable on March 5, 2021. This marks the company's 283rd consecutive quarterly dividend. Parker has a notable history of increasing annual dividends for 64 consecutive years, ranking among the top five companies for dividend growth in the S&P 500 Index.
Positive
- Declared a quarterly cash dividend of 88 cents per share.
- 283rd consecutive quarterly dividend reflects strong dividend policy.
- 64 consecutive years of dividend increases demonstrates financial stability.
Negative
- None.
News Market Reaction
On the day this news was published, PH gained 6.25%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
CLEVELAND, Jan. 27, 2021 (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 88 cents per share of common stock to shareholders of record as of February 10, 2021. The dividend is payable March 5, 2021.
This is the company's 283rd consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 64 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index.
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.
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FAQ
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