Ingersoll Rand Increases Dividend by 12.5 Percent
August 04 2017 - 6:30AM
Business Wire
Ingersoll-Rand plc’s (NYSE:IR) Board of Directors declared a
quarterly dividend of $0.45 per ordinary share, reflecting a 12.5
percent increase and an annual dividend rate of $1.80 per share, up
from $1.60 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 September 29, 2017, to shareholders of
record on September 8, 2017.
“Our leading brands, consistent strategy and solid execution
continues to deliver steady cash flow growth that allows us to
invest in the business and return substantial cash to
shareholders,” said Michael W. Lamach, chairman and chief executive
officer of Ingersoll Rand. “Today's double-digit dividend increase
reflects our ongoing commitment to paying a highly competitive and
growing dividend to our shareholders as an integral part of our
dynamic capital allocation strategy.”
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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version on businesswire.com: http://www.businesswire.com/news/home/20170804005286/en/
Ingersoll RandMedia Relations:Misty Zelent,
704-655-5324mzelent@irco.comorInvestor Relations:Zac Nagle,
704-990-3001investorrelations@irco.com
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