Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment. This segment sells its products to original equipment manufacturers (OEMs) and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. Its Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, such as control actuation systems and components, engine build-up ducting, engine exhaust nozzles and assemblies, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inerting systems, hydraulic systems and components, lubrication components, pilot controls, pneumatic control components, thermal management products, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. It markets its products through direct-sales employees, independent distributors, and sales representatives. The company was founded in 1917 and is headquartered in Cleveland, Ohio.
Parker-Hannifin Dividend Announcement
• Parker-Hannifin announced a quarterly dividend of $1.63 per ordinary share which will be made payable on 2024-12-06. Ex dividend date: 2024-11-08
• Parker-Hannifin annual dividend for 2024 was $6.37
• Parker-Hannifin annual dividend for 2023 was $5.77
• Parker-Hannifin's trailing twelve-month (TTM) dividend yield is 0.91%
• Parker-Hannifin's payout ratio for the trailing twelve months (TTM) is 27.72%
• Parker-Hannifin's dividend growth over the last five years (2018-2023) was 14.44% year
• Parker-Hannifin's dividend growth over the last ten years (2013-2023) was 12.48% year
Parker-Hannifin Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-08 | $1.63 | quarterly | 2024-12-06 |
| 2024-08-28 | $1.63 | quarterly | 2024-09-13 |
| 2024-05-09 | $1.63 | quarterly | 2024-06-07 |
| 2024-02-08 | $1.48 | quarterly | 2024-03-01 |
| 2023-11-10 | $1.48 | quarterly | 2023-12-01 |
| 2023-08-25 | $1.48 | quarterly | 2023-09-08 |
| 2023-05-11 | $1.48 | quarterly | 2023-06-02 |
| 2023-02-09 | $1.33 | quarterly | 2023-03-03 |
| 2022-11-10 | $1.33 | quarterly | 2022-12-02 |
| 2022-08-26 | $1.33 | quarterly | 2022-09-09 |
| 2022-05-12 | $1.33 | quarterly | 2022-06-03 |
| 2022-02-10 | $1.03 | quarterly | 2022-03-04 |
| 2021-11-10 | $1.03 | quarterly | 2021-12-03 |
| 2021-08-26 | $1.03 | quarterly | 2021-09-10 |
| 2021-05-06 | $1.03 | quarterly | 2021-06-04 |
| 2021-02-09 | $0.88 | quarterly | 2021-03-05 |
| 2020-11-05 | $0.88 | quarterly | 2020-12-04 |
| 2020-08-27 | $0.88 | quarterly | 2020-09-11 |
| 2020-05-07 | $0.88 | quarterly | 2020-06-05 |
| 2020-02-06 | $0.88 | quarterly | 2020-03-06 |
| 2019-11-07 | $0.88 | quarterly | 2019-12-06 |
| 2019-08-27 | $0.88 | quarterly | 2019-09-13 |
| 2019-05-09 | $0.88 | quarterly | 2019-06-07 |
| 2019-02-07 | $0.76 | quarterly | 2019-03-01 |
| 2018-11-08 | $0.76 | quarterly | 2018-12-07 |
| 2018-08-27 | $0.76 | quarterly | 2018-09-14 |
| 2018-05-09 | $0.76 | quarterly | 2018-06-01 |
| 2018-02-08 | $0.66 | quarterly | 2018-03-02 |
| 2017-11-09 | $0.66 | quarterly | 2017-12-01 |
| 2017-08-24 | $0.66 | quarterly | 2017-09-08 |
| 2017-05-08 | $0.66 | quarterly | 2017-06-02 |
| 2017-02-08 | $0.66 | quarterly | 2017-03-03 |
| 2016-11-08 | $0.63 | quarterly | 2016-12-02 |
| 2016-08-25 | $0.63 | quarterly | 2016-09-09 |
| 2016-05-06 | $0.63 | quarterly | 2016-06-03 |
| 2016-02-08 | $0.63 | quarterly | 2016-03-04 |
| 2015-11-06 | $0.63 | quarterly | 2015-12-04 |
| 2015-08-26 | $0.63 | quarterly | 2015-09-11 |
| 2015-05-06 | $0.63 | quarterly | 2015-06-05 |
| 2015-02-06 | $0.63 | quarterly | 2015-03-06 |
| 2014-11-06 | $0.63 | quarterly | 2014-12-05 |
| 2014-08-26 | $0.48 | quarterly | 2014-09-12 |
| 2014-05-07 | $0.48 | quarterly | 2014-06-06 |
| 2014-02-06 | $0.48 | quarterly | 2014-03-07 |
| 2013-11-06 | $0.45 | quarterly | 2013-12-06 |
| 2013-08-23 | $0.45 | quarterly | 2013-09-06 |
| 2013-05-08 | $0.45 | quarterly | 2013-06-07 |
| 2013-02-06 | $0.43 | quarterly | 2013-03-01 |
Parker-Hannifin Dividend per year
Parker-Hannifin Dividend growth
Parker-Hannifin Dividend Yield
Parker-Hannifin current trailing twelve-month (TTM) dividend yield is 0.91%. Interested in purchasing Parker-Hannifin stock? Use our calculator to estimate your expected dividend yield:
Parker-Hannifin Financial Ratios
P/E ratio31.10
PEG ratio-4.19
P/B ratio6.98
ROE24.17%
Payout ratio27.72%
Current ratio0.96
Quick ratio0.57
Cash Ratio0.05
Parker-Hannifin Dividend FAQ
How much is the next Parker-Hannifin dividend?
Parker-Hannifin's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Parker-Hannifin dividend. The next Parker-Hannifin dividend will be released in February, May, August, or November.
When is Parker-Hannifin dividend paid?
Parker-Hannifin pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Parker-Hannifin pay?
The specific amount of Parker-Hannifin dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Parker-Hannifin's dividend history.
Does Parker-Hannifin stock pay dividends?
Yes, Parker-Hannifin does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Parker-Hannifin's dividend history.
How much dividend does Parker-Hannifin pay?
Parker-Hannifin paid $6.37 in 2024, $5.77 in 2023, $5.02 in 2022, $3.97 in 2021, and $3.52 in 2020.
How often does Parker-Hannifin pay dividends?
Parker-Hannifin typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Parker-Hannifin's dividend yield?
The current dividend yield for Parker-Hannifin is 0.91%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Parker-Hannifin's exact dividend yield.
When does Parker-Hannifin go ex dividend?
Parker-Hannifin's ex-dividend date for the latest dividend was on 2024-11-08. Parker-Hannifin typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Parker-Hannifin dividend paid?
Parker-Hannifin pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Parker-Hannifin increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Parker-Hannifin will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Parker-Hannifin dividend per share?
Parker-Hannifin paid $6.37 per share in 2024 and $5.77 per share in 2023. The amount of dividend per share that Parker-Hannifin pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Parker-Hannifin a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Parker-Hannifin a dividend king?
Yes, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Parker-Hannifin a dividend stock?
Yes, Parker-Hannifin is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Parker-Hannifin a good dividend stock?
Whether Parker-Hannifin is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Parker-Hannifin has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Parker-Hannifin as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Parker-Hannifin as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Parker-Hannifin pay dividends monthly?
Parker-Hannifin typically pays dividends on a quarterly basis.
Does Parker-Hannifin pay dividends quarterly?
Parker-Hannifin currently pays dividends on a quarterly basis.
Has Parker-Hannifin ever paid a dividend?
Yes, Parker-Hannifin has a history of paying dividends to its shareholders. Parker-Hannifin is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Parker-Hannifin dividend stocks?
To buy Parker-Hannifin you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Parker-Hannifin stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Parker-Hannifin stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Parker-Hannifin pay dividends 2024?
Parker-Hannifin pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-06. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Parker-Hannifin increase its dividend in 2024?
Decisions regarding Parker-Hannifin dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Parker-Hannifin dividend overview you can look into the above table of dividend history.
How Parker-Hannifin dividend works?
The Parker-Hannifin dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Parker-Hannifin's dividend process works:
1. Determination of Dividend: Parker-Hannifin's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Parker-Hannifin publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Parker-Hannifin distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Parker-Hannifin are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Parker-Hannifin's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Parker-Hannifin publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Parker-Hannifin distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Parker-Hannifin are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Parker-Hannifin dividends paid?
Parker-Hannifin dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Parker-Hannifin sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Parker-Hannifin distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Parker-Hannifin declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Parker-Hannifin sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Parker-Hannifin distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Parker-Hannifin declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Parker-Hannifin pay dividends?
Parker-Hannifin typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Parker-Hannifin pay dividends?
The general pattern is that Parker-Hannifin pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Parker-Hannifin dividend safe?
The safety of Parker-Hannifin's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Parker-Hannifin's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Parker-Hannifin's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Parker-Hannifin's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Parker-Hannifin's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.