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Parker Hannifin Declares Cash Dividend

April 06, 2000

CLEVELAND, April 6 /PRNewswire/ -- The Board of Directors of Parker Hannifin Corporation (NYSE: PH) today declared a regular quarterly cash dividend of $0.17 per share of common stock payable June 2, 2000, to shareholders of record as of May 18.

This is Parker's 200th consecutive quarterly dividend and comprises a distribution of approximately $19.3 million. Parker has increased its dividend for 44 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, Treasurer, 216-896-2130, both of Parker Hannifin Corporation/

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