CLEVELAND, August 14, 2014 - Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of 48 cents per share of common stock to shareholders of record as of August 28, 2014. The dividend is payable September 12, 2014.
This is the company's 257th consecutive quarterly dividend and results in a total distribution to shareholders of approximately $72 million. Parker has increased its annual dividends paid to shareholders for 58 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index.
With annual sales of $13 billion in fiscal year 2014, 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 57,500 people in 50 countries around the world. Parker has increased its annual dividends paid to shareholders for 58 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 website at www.parker.com, or its investor information website at http://www.phstock.com.
Aidan Gormley, Director, Global Communications and Branding
Financial Analysts -
Pamela Huggins, Vice President & Treasurer