Donaldson hikes dividend by 11.1%

Donaldson Company (DCI) will hike its quarterly dividend by 11.1% to 30 cents quarterly per share in 2025.

This marks the 39th consecutive year of increases by the filtration specialist. At a stock price of $70 the dividend yield is 1.7%. Last year Donaldson hiked the dividend by 8%. The next ex-dividend date is June 16, 2025.