Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, control, ductless, geothermal, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, cryogenic, diesel-powered, electric-powered trailer and truck, hybrid-powered trailer, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers in the United States; and through sales and service companies with a supporting chain of distributors worldwide. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.
Trane Technologies Dividend Announcement
• Trane Technologies announced a quarterly dividend of $0.84 per ordinary share which will be made payable on 2024-12-31. Ex dividend date: 2024-12-06
• Trane Technologies annual dividend for 2024 was $3.36
• Trane Technologies annual dividend for 2023 was $3.00
• Trane Technologies's trailing twelve-month (TTM) dividend yield is 1.0%
• Trane Technologies's payout ratio for the trailing twelve months (TTM) is 29.92%
• Trane Technologies's dividend growth over the last five years (2018-2023) was 14.56% year
• Trane Technologies's dividend growth over the last ten years (2013-2023) was 13.58% year
Trane Technologies Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-12-06 | $0.84 | quarterly | 2024-12-31 |
| 2024-09-06 | $0.84 | quarterly | 2024-09-30 |
| 2024-06-07 | $0.84 | quarterly | 2024-06-28 |
| 2024-02-29 | $0.84 | quarterly | 2024-03-29 |
| 2023-11-30 | $0.75 | quarterly | 2023-12-29 |
| 2023-08-31 | $0.75 | quarterly | 2023-09-29 |
| 2023-06-01 | $0.75 | quarterly | 2023-06-30 |
| 2023-03-02 | $0.75 | quarterly | 2023-03-31 |
| 2022-12-01 | $0.67 | quarterly | 2022-12-30 |
| 2022-09-01 | $0.67 | quarterly | 2022-09-30 |
| 2022-06-02 | $0.67 | quarterly | 2022-06-30 |
| 2022-03-03 | $0.67 | quarterly | 2022-03-31 |
| 2021-12-02 | $0.59 | quarterly | 2021-12-31 |
| 2021-09-02 | $0.59 | quarterly | 2021-09-30 |
| 2021-06-03 | $0.59 | quarterly | 2021-06-30 |
| 2021-03-04 | $0.59 | quarterly | 2021-03-31 |
| 2020-12-03 | $0.53 | quarterly | 2020-12-31 |
| 2020-09-03 | $0.53 | quarterly | 2020-09-30 |
| 2020-06-04 | $0.53 | quarterly | 2020-06-30 |
| 2020-03-12 | $0.53 | quarterly | 2020-03-31 |
| 2019-12-05 | $0.41 | quarterly | 2019-12-31 |
| 2019-09-05 | $0.41 | quarterly | 2019-09-30 |
| 2019-06-06 | $0.41 | quarterly | 2019-06-28 |
| 2019-03-07 | $0.41 | quarterly | 2019-03-29 |
| 2018-12-06 | $0.41 | quarterly | 2018-12-31 |
| 2018-09-06 | $0.41 | quarterly | 2018-09-28 |
| 2018-06-07 | $0.35 | quarterly | 2018-06-29 |
| 2018-03-08 | $0.35 | quarterly | 2018-03-30 |
| 2017-12-07 | $0.35 | quarterly | 2017-12-29 |
| 2017-09-07 | $0.35 | quarterly | 2017-09-29 |
| 2017-06-07 | $0.31 | quarterly | 2017-06-30 |
| 2017-03-08 | $0.31 | quarterly | 2017-03-31 |
| 2016-12-07 | $0.31 | quarterly | |
| 2016-09-07 | $0.25 | quarterly | |
| 2016-06-08 | $0.25 | quarterly | |
| 2016-03-09 | $0.25 | quarterly | |
| 2015-12-09 | $0.22 | quarterly | |
| 2015-09-09 | $0.22 | quarterly | |
| 2015-06-10 | $0.22 | quarterly | |
| 2015-03-11 | $0.22 | quarterly | |
| 2014-12-10 | $0.19 | quarterly | |
| 2014-09-10 | $0.19 | quarterly | |
| 2014-06-11 | $0.19 | quarterly | |
| 2014-03-12 | $0.19 | quarterly | |
| 2013-10-30 | $0.21 | quarterly | |
| 2013-09-11 | $0.21 | quarterly | |
| 2013-06-12 | $0.21 | quarterly | |
| 2013-03-08 | $0.21 | quarterly |
Trane Technologies Dividend per year
Trane Technologies Dividend growth
Trane Technologies Dividend Yield
Trane Technologies current trailing twelve-month (TTM) dividend yield is 1.0%. Interested in purchasing Trane Technologies stock? Use our calculator to estimate your expected dividend yield:
Trane Technologies Financial Ratios
P/E ratio37.57
PEG ratio19.70
P/B ratio12.21
ROE34.73%
Payout ratio29.92%
Current ratio1.22
Quick ratio0.92
Cash Ratio0.22
Trane Technologies Dividend FAQ
How much is the next Trane Technologies dividend?
Trane Technologies's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Trane Technologies dividend. The next Trane Technologies dividend will be released in March, June, August, or November.
When is Trane Technologies dividend paid?
Trane Technologies pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, 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 Trane Technologies pay?
The specific amount of Trane Technologies 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 Trane Technologies's dividend history.
Does Trane Technologies stock pay dividends?
Yes, Trane Technologies 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 Trane Technologies's dividend history.
How much dividend does Trane Technologies pay?
Trane Technologies paid $3.36 in 2024, $3.0 in 2023, $2.68 in 2022, $2.36 in 2021, and $2.12 in 2020.
How often does Trane Technologies pay dividends?
Trane Technologies 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 March, June, August, and November.
What is Trane Technologies's dividend yield?
The current dividend yield for Trane Technologies is 1.0%. 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 Trane Technologies's exact dividend yield.
When does Trane Technologies go ex dividend?
Trane Technologies's ex-dividend date for the latest dividend was on 2024-12-06. Trane Technologies 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 Trane Technologies dividend paid?
Trane Technologies pays dividends on a quarterly basis, typically around March, June, August, or November, but the exact dates can vary each year.
Will Trane Technologies 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 Trane Technologies 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 Trane Technologies dividend per share?
Trane Technologies paid $3.36 per share in 2024 and $3.0 per share in 2023. The amount of dividend per share that Trane Technologies 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 Trane Technologies 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 Trane Technologies a dividend king?
No, 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 Trane Technologies a dividend stock?
Yes, Trane Technologies is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Trane Technologies a good dividend stock?
Whether Trane Technologies is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Trane Technologies has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Trane Technologies 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 Trane Technologies 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 Trane Technologies pay dividends monthly?
Trane Technologies typically pays dividends on a quarterly basis.
Does Trane Technologies pay dividends quarterly?
Trane Technologies currently pays dividends on a quarterly basis.
Has Trane Technologies ever paid a dividend?
Yes, Trane Technologies has a history of paying dividends to its shareholders. Trane Technologies is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Trane Technologies dividend stocks?
To buy Trane Technologies 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 Trane Technologies 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 Trane Technologies 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 Trane Technologies pay dividends 2024?
Trane Technologies pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-31. 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 Trane Technologies increase its dividend in 2024?
Decisions regarding Trane Technologies 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 Trane Technologies dividend overview you can look into the above table of dividend history.
How Trane Technologies dividend works?
The Trane Technologies 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 Trane Technologies's dividend process works:
1. Determination of Dividend: Trane Technologies'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, Trane Technologies 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, Trane Technologies 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 Trane Technologies 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: Trane Technologies'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, Trane Technologies 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, Trane Technologies 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 Trane Technologies 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 Trane Technologies dividends paid?
Trane Technologies dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Trane Technologies 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, Trane Technologies distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Trane Technologies 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: Trane Technologies 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, Trane Technologies distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Trane Technologies 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 Trane Technologies pay dividends?
Trane Technologies 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 Trane Technologies pay dividends?
The general pattern is that Trane Technologies pays dividends around March, June, 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 Trane Technologies dividend safe?
The safety of Trane Technologies'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 Trane Technologies'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 Trane Technologies'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 Trane Technologies'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 Trane Technologies'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.