Parker Declares Quarterly Cash Dividend

Rhea-AI Summary

Parker Hannifin Corporation (NYSE: PH) announced a quarterly cash dividend of $1.33 per share, with a record date of February 10, 2023 and a payment date of March 3, 2023. This marks the 291st consecutive quarterly dividend for the company, which has raised its annual dividends for 66 consecutive years, positioning it among the top five for longest dividend-increase records in the S&P 500 Index. Parker Hannifin is a global leader in motion and control technologies, contributing to significant engineering advancements for over a century.

Positive

• Declared a quarterly cash dividend of $1.33 per share.
• Maintains a consistent track record with the 291st consecutive quarterly dividend.
• Increased annual dividends for 66 consecutive years, showcasing strong shareholder confidence.

Negative

• None.

CLEVELAND, Jan. 26, 2023 (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 $1.33 per share of common stock to shareholders of record as of February 10, 2023. The dividend is payable March 3, 2023.

This is the company's 291^st consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 66 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 in January 2023?

The dividend amount declared is $1.33 per share.

When is the dividend payable for Parker Hannifin?

The dividend is payable on March 3, 2023.

What is the record date for the dividend?

The record date for the dividend is February 10, 2023.

How long has Parker Hannifin been increasing its dividends?

Parker Hannifin has increased its annual dividends for 66 consecutive years.

How many consecutive quarterly dividends has Parker Hannifin paid?

Parker Hannifin has paid 291 consecutive quarterly dividends.