CLEVELAND, Jan. 26, 2012 /PRNewswire/ -- Parker Hannifin
Corporation (NYSE: PH), the global leader in motion and control
technologies, today announced that its Board of Directors increased
the Company's regular quarterly cash dividend to 39 cents per share of common stock and declared a
dividend payable March 2, 2012 to
shareholders of record as of February 10,
2012. This represents a 5 percent increase over
the previous quarterly dividend of 37
cents per common share and is the Company's 247th
consecutive quarterly dividend, resulting in a total distribution
to shareholders of approximately $59
million.
(Logo: http://photos.prnewswire.com/prnh/19990816/PHLOGO )
"This increase reflects the Board's confidence in our financial
strength and our continued ability to generate strong cash flows,"
said Jon Marten, Executive Vice
President – Finance and Administration and Chief Financial
Officer. "We have been able to deliver record financial
performance during the first six months of fiscal year 2012, giving
us the flexibility to demonstrate our commitment to our
shareholders with a consistent and growing dividend payout."
With annual sales exceeding $12
billion in fiscal year 2011, Parker
Hannifin is the world's leading diversified manufacturer of
motion and control technologies and systems, providing
precision-engineered solutions for a wide variety of mobile,
industrial and aerospace markets. The company employs approximately
58,000 people in 47 countries around the world. Parker has
increased its annual dividends paid to shareholders for 55
consecutive fiscal years, among the top five longest-running
dividend-increase records in the S&P 500 index. For more
information, visit the company's web site at www.parker.com, or its
investor information web site at www.phstock.com.
SOURCE Parker Hannifin Corporation