CLEVELAND (April 23)—Parker Hannifin Corp. has declared a regular quarterly dividend of 19 cents for the fiscal fourth quarter, ensuring that the company will increase its annual dividends to shareholders for the 48th consecutive year.
The 19-cent dividend for the quarter to end June 30, announced April 22, brings the total for the fiscal year to 76 cents. This also is the 216th consecutive quarterly dividend paid by Parker, comprising a distribution of about $23 million, the company said.
The dividend is payable June 4 to shareholders of record as of May 20.