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Parker Hannifin (Parker Hannifin) 3-Year Dividend Growth Rate

: 15.80% (As of Dec. 2023)
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Parker Hannifin's Dividends per Share for the three months ended in Dec. 2023 was $1.48.

The historical rank and industry rank for Parker Hannifin's 3-Year Dividend Growth Rate or its related term are showing as below:

PH' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -3.8   Med: 10.2   Max: 29.4
Current: 15.8

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Parker Hannifin was 29.40% per year. The lowest was -3.80% per year. And the median was 10.20% per year.

PH's 3-Year Dividend Growth Rate is ranked better than
60.68% of 1096 companies
in the Industrial Products industry
Industry Median: 11.15 vs PH: 15.80

During the past 12 months, Parker Hannifin's average Dividends Per Share Growth Rate was 14.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 15.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Parker Hannifin's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.29. As of today, Parker Hannifin's Dividend Yield % is 1.10%.

Warning Sign:

Parker Hannifin Corp stock dividend yield is close to 10-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Specialty Industrial Machinery subindustry, Parker Hannifin's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Parker Hannifin 3-Year Dividend Growth Rate Distribution

For the Industrial Products industry and Industrials sector, Parker Hannifin's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Parker Hannifin's 3-Year Dividend Growth Rate falls into.



Parker Hannifin 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Parker Hannifin  (NYSE:PH) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Parker Hannifin's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=1.48/ 5.091
=0.29

During the past 13 years, the highest Dividend Payout Ratio of Parker Hannifin was 0.43. The lowest was 0.25. And the median was 0.33.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Parker Hannifin Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.4802024-02-082024-02-092024-03-01Cash DividendquarterlyUSD:USD 1.000000
USD 1.4802023-11-102023-11-132023-12-01Cash DividendquarterlyUSD:USD 1.000000
USD 1.4802023-08-252023-08-282023-09-08Cash DividendquarterlyUSD:USD 1.000000
USD 1.4802023-05-112023-05-122023-06-02Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Parker Hannifin's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=5.92/534.65
=1.11 %

Current Share Price is $534.65.
Parker Hannifin's Dividends per Share for the trailing twelve months (TTM) ended in Today is $5.92.

During the past 13 years, the highest Dividend Yield of Parker Hannifin was 3.32%. The lowest was 1.02%. And the median was 1.61%.

Warning Sign:

Parker Hannifin Corp stock dividend yield is close to 10-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Parker Hannifin 3-Year Dividend Growth Rate Related Terms>


Parker Hannifin (Parker Hannifin) Business Description

Address
6035 Parkland Boulevard, Cleveland, OH, USA, 44124-4141
Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.
Executives
Joseph R Leonti officer: VP, General Counsel, Secretary 6035 PARKLAND BLVD, CLEVELAND OH 44124
Joseph Scaminace director C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE N W, CLEVELAND OH 44115
Denise R. Fleming director 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Todd M. Leombruno officer: VP & Controller C/O PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Linda S Harty director MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432
Dinu J Parel officer: VP - Chief Information Officer 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124-4141
Robert W Malone officer: VP, President--Filtration Grp 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Berend Bracht officer: VP & Pres.-Motion Systems Grp. 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Rober S Sherrard officer: VP, PRESIDENT-INSTRUMENTATION 6035 PARKLAND BLVD, C/O PARKER HANNIFIN CORP, CLEVELAND OH 44124
Mark J Hart officer: EVP - HR & External Affairs 6035 PARKLAND BLVD, CLEVELAND OH 44124
Lee C Banks officer: VP, PRESIDENT-INSTRUMENTATION PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44124-4141
William R Bowman officer: VP-Pres - Instrumentation Grp 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Thomas C Gentile officer: VP-Global Supply Chain C/O PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Andrew D Ross officer: VP and President - Seal Group 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Mark T Czaja officer: VP-Chief Technology & Innov. PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124

Parker Hannifin (Parker Hannifin) Headlines