CLEVELAND, Jan. 26 /PRNewswire-FirstCall/ -- The Board of Directors of Parker Hannifin Corporation (NYSE: PH) today declared a regular quarterly cash dividend of $0.23 per share of common stock, payable March 3, 2006, to shareholders of record as of February 16, 2006.

This is Parker's 223rd consecutive quarterly dividend and comprises a distribution of approximately $28 million. Parker has increased its annual dividends paid to shareholders for 49 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index.

With annual sales exceeding $8 billion, 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 commercial, mobile, industrial and aerospace markets. The company employs more than 50,000 people in 46 countries around the world. For more information, visit the company's web site at http://www.parker.com, or its investor information site at http://www.phstock.com.

SOURCE  Parker Hannifin Corporation
01/26/2006
CONTACT:  Media - Christopher M. Farage  - Vice President, Corp.
Communications, +1-216-896-2750, or cfarage@parker.com, or Financial
Analysts, - Pamela Huggins, Vice President  - Treasurer, +1-216-896-2240, or
phuggins@parker.com, both of Parker Hannifin Corporation