Parker-Hannifin Corporation (NYSE:PH) Shareholders to Receive $2.00 Quarterly Dividend

Key Points

• Parker-Hannifin declared a quarterly dividend of $2.00 per share, payable December 4 to shareholders of record November 13. The dividend equates to $8.00 annually and a 0.9% yield.
• The company has increased its dividend for 70 consecutive years, with a 27.6% payout ratio indicating earnings comfortably cover the payment.
• Parker-Hannifin recently exceeded quarterly earnings and revenue estimates, reporting $9.27 in EPS and $5.75 billion in revenue, up 9.8% year over year.

Parker-Hannifin Corporation (NYSE:PH - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, November 13th will be given a dividend of $2.00 per share by the industrial products company on Friday, December 4th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 13th.

Parker-Hannifin has raised its dividend payment by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 70 years. Parker-Hannifin has a payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Parker-Hannifin to earn $39.98 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 20.0%.

Parker-Hannifin Stock Up 1.3%

NYSE:PH opened at $912.00 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. Parker-Hannifin has a 1-year low of $755.10 and a 1-year high of $1,099.94. The company has a 50-day moving average of $960.08 and a 200 day moving average of $949.84. The firm has a market cap of $115.01 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 2.45 and a beta of 1.12.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, beating analysts' consensus estimates of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the firm posted $7.69 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, research analysts anticipate that Parker-Hannifin will post 35.72 EPS for the current fiscal year.

About Parker-Hannifin

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.

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