By Connor Hart
Parker Hannifin raised its dividend to $1.80 from $1.63.
The new payout, equal to $7.20 a year, represents an annual yield of about 1.2% based on Thursday's closing price of $596.81.
The motion- and control-technologies company said the increased dividend will be paid June 6 to shareholders of record as of May 9.
Chief Executive Jenny Parmentier said the raise reflects the company's confidence in its financial position.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 24, 2025 17:31 ET (21:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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