Ingersoll Rand Initiates Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Ingersoll Rand (NYSE: IR) has declared a quarterly cash dividend of $0.02 per share, marking the company's inaugural dividend under its new program. This dividend will be payable on December 17, 2021, to stockholders recorded by November 10, 2021. This announcement follows their capital allocation strategy presentation on September 2, 2021, highlighting a commitment to returning value to shareholders.

Positive

• First quarterly dividend of $0.02 per share under new program.
• Demonstrates commitment to shareholder returns after M&A-focused capital strategy.

Negative

• None.

DAVIDSON, N.C.--(BUSINESS WIRE)-- The Board of Directors of Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, declared today a quarterly cash dividend of $0.02 per share of common stock payable on December 17, 2021, to stockholders of record on November 10, 2021. This is the first quarterly dividend to be paid by the company as part of its new dividend program, which was recently announced during the presentation of its M&A-focused capital allocation strategy at an investor call on September 2, 2021.

About Ingersoll Rand Inc.
Ingersoll Rand Inc. (NYSE: IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211026006344/en/

Media:

Misty Zelent

mzelent@irco.com

Investor Relations:

Chris Miorin

christopher.miorin@irco.com

Source: Ingersoll Rand Inc.

FAQ

What is the dividend amount declared by Ingersoll Rand (IR)?

The declared dividend amount is $0.02 per share.

When is the dividend payment date for Ingersoll Rand (IR)?

The dividend payment date is December 17, 2021.

What is the record date for Ingersoll Rand's dividend?

The record date for the dividend is November 10, 2021.

Is this the first dividend paid by Ingersoll Rand (IR)?

Yes, this is the first quarterly dividend paid under the new dividend program.