CLEVELAND, Jan. 31 /PRNewswire/ -- The Board of Directors of Parker Hannifin Corporation (NYSE: PH) on Friday declared a regular quarterly cash dividend of $0.17 per share of common stock payable March 3, 2000, to shareholders of record as of February 24.

(Photo: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )

This is Parker's 199th consecutive quarterly dividend and comprises a distribution of $18.6 million. Parker has increased its dividend for 43 fiscal years.

With nearly $5 billion in annual sales, Parker Hannifin Corporation is the world's leading diversified manufacturer of motion and control technologies, providing systematic, precision-engineered solutions for a wide variety of commercial, industrial and aerospace markets. For more information, visit the company's web site at www.parker.com .

SOURCE Parker Hannifin Corporation

CONTACT: Media, Lorrie Paul Crum, VP - Corp. Communications, 216-896-2750, or Financial Analysts, Timothy K. Pistell, VP & Treasurer, 216-896-2130, both of Parker Hannifin Corporation/