Ingersoll Rand Increases Dividend by 25 Percent
October 06 2016 - 8:56AM
Business Wire
Ingersoll-Rand plc’s (NYSE: IR) Board of Directors declared a
quarterly dividend of $0.40 per ordinary share, reflecting a 25
percent increase and an annual dividend rate of $1.60 per share, up
from $1.28 per share. Ingersoll Rand, a world leader in creating
comfortable, sustainable and efficient environments, has paid
consecutive quarterly cash dividends on its common shares since
1919 and annual dividends since 1910.
The dividend is payable December 30, 2016, to shareholders of
record on December 9, 2016.
“Over the last six years we’ve increased our dividend nearly
five-fold,” said Michael W. Lamach, chairman and chief executive
officer of Ingersoll Rand. “Today’s announcement underscores our
continued confidence in the company’s ability to generate strong
cash flow and deliver a dynamic capital allocation strategy that
creates long-term shareholder value.”
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by
creating comfortable, sustainable and efficient environments. Our
people and our family of brands — including Club Car®, Ingersoll
Rand®, Thermo King® and Trane® — work together to enhance the
quality and comfort of air in homes and buildings; transport and
protect food and perishables; and increase industrial productivity
and efficiency. We are a $13 billion global business committed to a
world of sustainable progress and enduring results. For more
information, visit www.ingersollrand.com.
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Ingersoll RandMedia:Misty Zelent,
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704-655-4469zachary.nagle@irco.comorJoe Fimbianti,
704-655-4721joseph_fimbianti@irco.com
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