Parker Announces 10% Increase in Quarterly Cash Dividend to $1.63 per Share

Quick Summary:

CLEVELAND, April 25, 2024 (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 quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of May 10, 2024.

"Our strong cash flow generation along with strategic capital deployment continues to create many opportunities for us to drive shareholder value.”  Parker Hannifin is a Fortune 250 global leader in motion and control technologies.

The dividend is payable June 7, 2024. The dividend represents a 10% increase over the previous quarterly cash dividend of $1.48 per common share and will be the 296th consecutive quarterly dividend paid by the company.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Parker-Hannifin Corporation

Category: Technology

Markets: China

Topics: NYSE:PH US7010941042

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-25 @ 21:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 265 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 20791075

View Article Analysis

About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Year Established: 1998

Headquarters: China

News Last Updated: 1 days ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

Frequently Asked Questions