Allegion’s Board Increases Quarterly Dividend by 14%

Rhea-AI Summary

Allegion plc (NYSE: ALLE) declared a quarterly dividend of $0.41 per share, marking a 14% increase from the previous year. This is the eighth consecutive annual dividend increase, reflecting the company's strong cash flow and commitment to shareholder value. The dividend payment date is March 31, 2022, for shareholders of record on March 16, 2022. Allegion's chairman emphasized a balanced capital allocation strategy, underlining confidence in the long-term vitality of the business and ongoing investment in innovation.

Positive

• Declared a quarterly dividend of $0.41, representing a 14% increase.
• Eighth consecutive year of annual dividend increase.
• Strong cash flow generation indicates robust business health.

Negative

• None.

DUBLIN--(BUSINESS WIRE)-- Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, today announced that its board of directors declared a quarterly dividend of $0.41 per ordinary share of the company – representing a 14-percent increase from 2021 and the company’s eighth consecutive year of annual increase in dividends.

“Allegion and the Board of Directors maintain our commitment to create shareholder value through a balanced and flexible capital allocation strategy,” said David D. Petratis, Allegion chairman, president and CEO. “We enjoy strong cash flow generation and an annual dividend increase above our earnings growth rate reflects our confidence in the long-term vitality of our markets, and the business’ ability to invest in innovation and return capital to shareholders.”

The dividend is payable on March 31, 2022, to shareholders of record on March 16, 2022.

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 $2.7 billion in revenue in 2020, and its security products are sold around the world.

For more, visit www.allegion.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220204005494/en/

Media Contact:

Elizabeth Friedland – Global Corporate Communications

317.918.8009

Elizabeth.Friedland@allegion.com / PR@allegion.com

Analyst Contact:

Tom Martineau – Vice President, Investor Relations, and Treasurer

317-810-3759

Tom.Martineau@allegion.com

Source: Allegion plc

FAQ

What is the dividend amount declared by Allegion (NYSE: ALLE)?

Allegion declared a quarterly dividend of $0.41 per ordinary share.

When will the dividend be paid to shareholders of Allegion (NYSE: ALLE)?

The dividend will be payable on March 31, 2022, to shareholders of record on March 16, 2022.

How many consecutive years has Allegion (NYSE: ALLE) increased its dividend?

Allegion has increased its dividend for eight consecutive years.

What does the recent dividend increase indicate about Allegion's (NYSE: ALLE) financial health?

The dividend increase reflects strong cash flow generation and the company's confidence in its long-term business vitality.