CLEVELAND--(BUSINESS WIRE)--July 8, 1999--The Board of Directors of Parker Hannifin Corporation today declared a regular quarterly cash dividend of $0.17 per share of common stock payable September 3, 1999, to shareholders of record as of August 24.
This is Parker's 196th consecutive quarterly dividend and involves a distribution of $18.5 million. Parker has increased its dividend for 43 fiscal years.
Parker is a leading diversified manufacturer of motion control, instrumentation and fluid flow components and systems for hundreds of industrial and aerospace markets. For more information, visit the Company Web site at www.parker.com.
Parker Hannifin Corporation Media - Lorrie Paul Crum, 216/896-2752 Jodi L. Bennett, 216/896-3258 Financial Analysts - Timothy K. Pistell, 216/896-2130