Beamr video compression achieves up to 50% improvement for AVs
CLEVELAND - Parker Hannifin Corporation (NYSE:PH), with a market capitalization of $93.7 billion, announced Thursday that its Board of Directors has declared a regular quarterly cash dividend of $1.80 per share of common stock, representing a current yield of 0.97%. The dividend will be payable on September 12, 2025, to shareholders of record as of September 2, 2025.
This marks the company’s 301st consecutive quarterly dividend payment. Parker Hannifin has increased its annual dividends per share for 69 consecutive fiscal years, positioning it among the top five longest-running dividend-increase records in the S&P 500 Index.
In addition to the dividend announcement, the Board approved an update to the company’s existing share repurchase authorization. The aggregate number of shares available for repurchase has been set at 20 million shares.
Parker Hannifin, a Fortune 250 company specializing in motion and control technologies, made the announcement in a press release statement. The company describes itself as a global leader in its industry sector with over a century of operations.
In other recent news, Parker-Hannifin Corporation reported impressive fourth-quarter fiscal 2025 results, surpassing both earnings and revenue expectations. The company achieved an earnings per share (EPS) of $7.15, exceeding the forecasted $7.11, while its revenue reached $5.2 billion, above the anticipated $5.11 billion. This strong financial performance has caught the attention of analysts. Goldman Sachs raised its price target for Parker-Hannifin to $804, maintaining a Buy rating, citing the company’s strong quarterly results and broad-based performance across business segments. Similarly, KeyBanc increased its price target to $810, highlighting Parker-Hannifin’s "uniquely strong execution" and effective capitalization on aerospace sector opportunities. These developments underscore the company’s robust standing in a challenging industrial environment. Investors are closely monitoring these updates as they reflect Parker-Hannifin’s strategic positioning and operational effectiveness.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.