Parker Hannifin hikes dividend by 4.8% Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Parker Hannifin As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Parker Hannifin As of October 10, 2023	PH	$5.92	11.3%	29.1%	17.0%
Motion & Control Technologies	1.5%	67	14.3%	Quarter	1949

Parker Hannifin hikes dividend by 4.8%

Thursday 26 January 2017

Parker Hannifin (PH) will increase its quarterly dividend by 4.8 percent to $0.66 per share in 2017. The dividend is payable March 3, 2017 to shareholders of record as of February 10, 2017.

Its the first dividend increase for the industrial company in more than two years, with the prior dividend increase dating back to October 2014.

Parker Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The company has two reporting segments: Diversified Industrial and Aerospace Systems. Parker Hannifin was incorporated in Ohio in 1938. Arthur L. Parker founded the Parker Appliance Company on March 13, 1917, in a small loft in Cleveland, Ohio, along with his business partner, Carl Klamm. In the early days, the company built pneumatic brake systems for trucks, trains, buses and industrial machinery, as well as leak-free fittings for the pioneers of aviation.

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