Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for airline industry professionals · Thursday, March 28, 2024 · 699,543,756 Articles · 3+ Million Readers

Parker Increases Quarterly Cash Dividend

CLEVELAND, April 19, 2018 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has increased the company’s regular quarterly cash dividend to 76 cents per share of common stock.  The dividend is payable June 1, 2018 to shareholders of record as of May 10, 2018.  This represents a 15% increase over the previous quarterly cash dividend of 66 cents per common share and is the company's 272nd consecutive quarterly dividend. 

"This increase in our quarterly dividend reflects the Board’s confidence in our consistent cash flow generation and long-term outlook,” said Executive Vice President, Finance and Administration & CFO Cathy Suever.  “Maintaining our dividend increase record, now at 62 consecutive fiscal years and among the top five longest-running dividend-increase records in the S&P 500 Index, remains a top priority for capital allocation.”

Parker Hannifin is a Fortune 250 global leader in motion and control technologies.  For 100 years the company has engineered the success of its customers in a wide range of diversified industrial and aerospace markets.  Learn more at www.parker.com or @parkerhannifin.

###

Media –
                    Aidan Gormley, Director, Global Communications and Branding	
                    216/896-3258
                    aidan.gormley@parker.com
                    		
                    Financial Analysts –
                    Robin J. Davenport, Vice President, Corporate Finance	
                    216/896-2265
                    rjdavenport@parker.com
                    

Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release