NYSE:PHMachinery
Parker-Hannifin Dividend Hike Highlights Long-Term Payout And Valuation Trade-Offs
Parker-Hannifin (NYSE:PH) has announced an 11% increase in its quarterly dividend.
This marks the company’s 304th consecutive quarterly dividend payment.
The new dividend continues Parker-Hannifin’s long history of returning cash to shareholders.
Parker-Hannifin, trading at $872.69, has seen its stock return 43.5% over the past year and 197.0% over the past 5 years. Those numbers, alongside a value score of 1, frame this 11% dividend hike as part of a broader story of shareholder-focused...