NYSE:PHMachinery
Parker-Hannifin Extends Dividend Growth Streak As Valuation Premium Persists
Parker-Hannifin (NYSE:PH) has approved an 11% increase in its quarterly dividend.
The decision extends the company’s record to 70 consecutive years of annual dividend increases.
This also marks 304 consecutive quarterly dividend payments to shareholders.
Parker-Hannifin, trading at $962.26, is reinforcing its identity as an income-focused industrial name with this latest dividend move. The stock is up 8.3% over the past month, 7.6% year to date, and 61.1% over the past year, reflecting...