Donaldson Company Increases Quarterly Cash Dividend 8.0%

Rhea-AI Summary

Donaldson Company (NYSE: DCI) announced an 8.0% increase in its quarterly cash dividend, raising it from 25.0 cents to 27.0 cents per share. This dividend is payable on June 28, 2024, to shareholders of record by June 17, 2024. The company is part of the S&P High-Yield Dividend Aristocrats Index and has raised its dividend annually for 28 consecutive years. Donaldson has been paying a cash dividend every quarter for the past 68 years. Founded in 1915, Donaldson is a global leader in filtration products and solutions, serving various industries with operations in over 140 locations across six continents.

Positive

• Quarterly cash dividend increased by 8.0%.
• New dividend is 27.0 cents per share, up from 25.0 cents.
• Dividend payable on June 28, 2024.
• Record date for dividend is June 17, 2024.
• Part of S&P High-Yield Dividend Aristocrats Index.
• 28 consecutive years of annual dividend increases.
• 68 years of consistent quarterly cash dividends.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- Donaldson Company, Inc. (NYSE: DCI) today announced that its Board of Directors declared a regular cash dividend of 27.0 cents per share, an increase of 8.0% from the prior quarterly dividend of 25.0 cents per share. The dividend is payable June 28, 2024, to shareholders of record on June 17, 2024. Donaldson is a member of the S&P High-Yield Dividend Aristocrats Index and calendar year 2023 marked the 28th consecutive year of annual dividend increases. The Company has paid a cash dividend every quarter for 68 years.

About Donaldson Company, Inc.

Founded in 1915, Donaldson (NYSE: DCI) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Diverse, skilled employees at over 140 locations on six continents partner with customers—from small business owners to R&D organizations and the world’s biggest OEM brands. Donaldson solves complex filtration challenges through three primary segments: Mobile Solutions, Industrial Solutions and Life Sciences. Additional information is available at www.Donaldson.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240531582772/en/

Sarika Dhadwal (952) 887-3753

Sarika.Dhadwal@Donaldson.com

Source: Donaldson Company, Inc.

FAQ

What is the new quarterly cash dividend for Donaldson Company?

The new quarterly cash dividend for Donaldson Company is 27.0 cents per share.

When is the dividend from Donaldson Company payable?

The dividend is payable on June 28, 2024.

When is the record date for Donaldson Company's dividend?

The record date for Donaldson Company's dividend is June 17, 2024.

How much did Donaldson Company increase its quarterly cash dividend?

Donaldson Company increased its quarterly cash dividend by 8.0%.

How long has Donaldson Company been paying quarterly cash dividends?

Donaldson Company has been paying quarterly cash dividends for 68 years.

Is Donaldson Company part of any major dividend index?

Yes, Donaldson Company is part of the S&P High-Yield Dividend Aristocrats Index.

How many consecutive years has Donaldson Company increased its annual dividend?

Donaldson Company has increased its annual dividend for 28 consecutive years.