Allegion’s Board Increases Quarterly Dividend by 10%

Rhea-AI Summary

Allegion plc (NYSE: ALLE) has declared a quarterly dividend of $0.45 per ordinary share, marking a 10% increase from the previous year. This is the company's ninth consecutive annual dividend increase. The dividend reflects the board's strong confidence in Allegion's cash flow and long-term prospects, with a commitment to enhancing shareholder value. The dividend will be payable on March 31, 2023, to shareholders of record on March 15, 2023. In 2021, Allegion reported $2.9 billion in revenue, emphasizing its position as a leader in global security solutions.

Positive

• Quarterly dividend increased by 10% to $0.45 per share.
• Ninth consecutive annual increase in dividends, indicating strong financial performance and confidence.

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 $0.45 per ordinary share of the company – representing a 10-percent increase from 2022 and the company’s ninth consecutive year of annual increase in dividends.

“This dividend increase reflects our board’s strong confidence in Allegion’s cash flow generation and long-term outlook,” said Allegion President and CEO John H. Stone. “We remain committed to building shareholder value by paying dividends and investing in our growth, organically and through acquisitions.”

The dividend is payable on March 31, 2023, to shareholders of record on March 15, 2023.

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 $2.9 billion in revenue in 2021, 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/20230209005685/en/

Media Contact:

Whitney Moorman – Reputation Management Leader

317-810-3241

Whitney.Moorman@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 new dividend amount for Allegion (NYSE: ALLE)?

Allegion has declared a quarterly dividend of $0.45 per ordinary share.

When is the dividend payment date for Allegion in 2023?

The dividend will be payable on March 31, 2023.

What is the record date for Allegion's dividend?

The record date for the dividend is March 15, 2023.

How much revenue did Allegion generate in 2021?

Allegion generated $2.9 billion in revenue in 2021.

How many consecutive years has Allegion increased its dividends?

Allegion has increased its dividends for nine consecutive years.