- 10% increase in quarterly dividend from $1.63 to $1.80 per share
- 300th consecutive quarterly dividend payment milestone
- 69 consecutive years of annual dividend increases
Parker Hannifin Corporation (PH, Financial), a leader in motion and control technologies, has announced a significant 10% increase in its quarterly cash dividend, raising it to $1.80 per share from the previous $1.63. The new dividend will be distributed on June 6, 2025, to shareholders recorded as of May 9, 2025.
This announcement marks the 300th consecutive quarterly dividend payment by Parker Hannifin (PH, Financial), continuing its impressive record of annual dividend increases now spanning 69 fiscal years. This achievement places Parker Hannifin among the top five companies in the S&P 500 index with the longest-running dividend-increase records.
Jenny Parmentier, CEO of Parker Hannifin, stated that the dividend increase reflects the board's confidence in the company's robust financial position and its ability to generate strong cash flows through various business cycles. She emphasized the company's commitment to strategically deploying capital to enhance shareholder value.
For more information, visit Parker Hannifin's website or follow them on social media at @parkerhannifin.
