Parker Declares Quarterly Cash Dividend

Rhea-AI Summary

Parker Hannifin Corporation (NYSE: PH) has declared a quarterly cash dividend of $1.03 per share, payable on March 4, 2022, to shareholders of record by February 11, 2022. This marks the 287th consecutive quarterly dividend, with the company boasting a 65-year streak of annual dividend increases. Parker is recognized as a global leader in motion and control technologies, contributing to innovative engineering solutions.

Positive

• Regular quarterly cash dividend of $1.03 per share enhances shareholder income.
• Continued commitment to dividend increases reflects strong financial stability.
• Parker's 65-year history of annual dividend increases signifies reliable growth.

Negative

• None.

CLEVELAND, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.03 per share of common stock to shareholders of record as of February 11, 2022. The dividend is payable March 4, 2022.

This is the company's 287^th consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 65 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index.

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.

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FAQ

What is the dividend amount declared by Parker Hannifin Corporation for 2022?

The declared dividend amount is $1.03 per share.

When is the dividend payment date for Parker Hannifin Corporation's recent dividend?

The dividend is payable on March 4, 2022.

What is the record date for Parker Hannifin Corporation's dividend?

The record date for the dividend is February 11, 2022.

How many consecutive quarterly dividends has Parker Hannifin Corporation declared?

Parker Hannifin has declared 287 consecutive quarterly dividends.

How long has Parker Hannifin Corporation been increasing its dividends?

The company has increased its annual dividends for 65 consecutive fiscal years.