Parker Hannifin increases dividend by 31,3%

Dividend Aristocrat Parker Hannifin will raise its quarterly dividend from $0,48 to $0,63 per share.

The 31,3% dividend increase for the industrial company gives the stock an indicated dividend yield of 2,3% based on Wednesday's closing price of $109,14.

Parker Hannifin is a member of the Standard & Poor's Dividend Aristocrats index. The company has paid dividends for 258 consecutive quarters, and has raised its dividend for 58 consecutive years now.

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