Parker Declares Quarterly Cash Dividend
Rhea-AI Summary
Parker Hannifin (NYSE: PH) has declared a regular quarterly cash dividend of $1.63 per share of common stock. Shareholders of record as of February 7, 2025, will receive the payment on March 7, 2025. This marks the company's 299th consecutive quarterly dividend. Parker has maintained an impressive track record of increasing its annual dividends per share for 68 consecutive fiscal years, positioning it among the top five longest-running dividend-increase records in the S&P 500 Index.
Positive
- Maintains 299th consecutive quarterly dividend payment, demonstrating strong financial stability
- 68-year track record of consecutive annual dividend increases
- Ranks among top 5 longest-running dividend-increase records in S&P 500
- Current quarterly dividend of $1.63 per share indicates strong shareholder returns
Negative
- None.
News Market Reaction – PH
On the day this news was published, PH declined 0.11%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CLEVELAND, Jan. 23, 2025 (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
This is the company's 299th consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 68 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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