Parker Declares Quarterly Cash Dividend

Rhea-AI Summary

Parker Hannifin Corporation (NYSE: PH) announced a quarterly cash dividend of 88 cents per share of common stock for shareholders recorded by August 28, 2020, payable on September 11, 2020. This marks the company's 281st consecutive quarterly dividend and highlights its commitment to returning value to shareholders. Parker has increased its annual dividend payouts for 64 consecutive fiscal years, ranking among the top five in the S&P 500 for dividend increases.

Positive

• Declared a quarterly cash dividend of 88 cents per share.
• Marked the 281st consecutive quarterly dividend, indicating stable cash flow.
• Increased annual dividends for 64 consecutive years, reflecting strong financial performance.

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• None.

CLEVELAND, Aug. 13, 2020 (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 88 cents per share of common stock to shareholders of record as of August 28, 2020. The dividend is payable September 11, 2020.

This is the company's 281^st consecutive quarterly dividend.  Parker has increased its annual dividends per share paid to shareholders for 64 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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Contact:
Media –
Aidan Gormley, Director, Global Communications and Branding
216/896-3258
aidan.gormley@parker.com

Financial Analysts –
Robin J. Davenport, Vice President, Corporate Finance
216/896-2265
rjdavenport@parker.com

FAQ

What is the dividend amount declared by Parker Hannifin for Q3 2020?

The declared dividend amount is 88 cents per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 11, 2020.

What is the significance of Parker Hannifin's consecutive dividend payments?

Parker Hannifin has made 281 consecutive quarterly dividend payments, demonstrating its commitment to returning value to shareholders.

For how many years has Parker Hannifin increased its dividends?

Parker Hannifin has increased its annual dividends for 64 consecutive fiscal years.