Parker Hannifin Declares Quarterly Cash Dividend
The Cleveland-based manufacturer will pay $2.00 per share to common stock shareholders in December.
Updated on Oct. 28, 2026 in Public Companies
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Parker Hannifin Corporation announced a quarterly cash dividend of $2.00 per share of common stock. This declaration marks the 306th consecutive quarterly dividend payment for the company.
Why it matters
The company maintains a significant track record of consistent shareholder returns, highlighting its long-term financial stability. This streak underscores Parker Hannifin's commitment to returning capital to its investors despite broader market fluctuations.
Parker Hannifin has now reached 306 consecutive quarterly dividend payments. The firm has also achieved 70 consecutive fiscal years of annual dividend increases.
The players
Parker Hannifin Corporation
This Cleveland-based company is a global leader in motion and control technologies that provides precision-engineered solutions for a wide variety of mobile, industrial, and aerospace markets.
The details
The dividend was authorized by the Parker Hannifin Board of Directors. It represents a continuation of the company's long-standing policy of distributing earnings to its shareholders.
Timeline
October 28, 2026: The Board of Directors declared the quarterly dividend.
November 13, 2026: The record date for common stock shareholders.
December 4, 2026: The dividend payment date.
Market Landscape
Parker Hannifin's 70-year history of annual dividend increases places it in an elite tier of companies that have consistently grown their payouts to shareholders. This sustained performance distinguishes the company as a pillar of long-term stability within the industrial manufacturing sector.
Investors who held common stock as of the record date will receive the $2.00 per share payment directly into their brokerage accounts on the scheduled date. This ensures a predictable cash flow for shareholders who rely on the company's long-term dividend distributions.
The takeaway
Maintaining 70 consecutive years of dividend increases demonstrates a rare level of long-term financial discipline in the manufacturing industry. Shareholders should note these payment dates to ensure their brokerage accounts are updated to receive the distribution.
Further reading
For more on local corporate activity, visit the Public Companies section.
Source note: This article includes information reported by The Manila times.
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