Parker Hannifin Raises Quarterly Dividend by 10%

Dow Jones04-26

By Sabela Ojea

Parker Hannifin is increasing its quarterly dividend by 10%.

The motion and control technologies company on Thursday said its board of directors declared a quarterly payout to shareholders of $1.63 a share, up from $1.48 a share previously.

The new payout, equal to $6.52 annually, represents a yield of 1.2%, based on Thursday's closing price of $549.38.

The dividend will be paid on June 7.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

April 25, 2024 17:16 ET (21:16 GMT)

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