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CLEVELAND - Parker Hannifin Corporation (NYSE: PH), a leader in motion and control technologies, has announced a 10% increase in its quarterly cash dividend, raising it to $1.80 per share. Shareholders on record as of May 9, 2025, will be eligible for the dividend payable on June 6, 2025. This increment marks the company’s 300th consecutive quarterly dividend. The company currently offers a dividend yield of 1.12%, with dividend payments maintained for 55 consecutive years, according to InvestingPro data.
Jenny Parmentier, Chairman and Chief Executive Officer, expressed confidence in the company’s financial health and its capability to consistently generate robust cash flows. She emphasized that Parker Hannifin’s solid performance and financial position provide the flexibility to strategically deploy capital in ways that enhance shareholder value. This latest dividend hike continues Parker’s record of increasing annual dividends, which now stands at 69 fiscal years, placing it among the top five longest-running dividend growth records in the S&P 500 index.
Parker Hannifin has been at the forefront of engineering innovation for over a century, contributing to advancements that shape a better future. The company’s commitment to shareholder returns is underscored by its consistent dividend increases, reflecting a long-term strategy of capital deployment aimed at value creation.
This announcement is based on a press release statement, and investors are reminded to consider this information in light of various uncertainties and risks that may affect future performance. These risks include, but are not limited to, changes in customer relationships, contract disputes, acquisition integration, divestiture outcomes, business realignment activities, supply chain disruptions, regulatory developments, legal proceedings, market conditions, and global economic factors.
In other recent news, Parker-Hannifin Corporation has issued €700 million in senior notes, which are set to mature in 2030 with an annual interest rate of 2.900%. The proceeds from this issuance will be used to repay existing notes maturing in 2025. Meanwhile, Wolfe Research has downgraded Parker-Hannifin’s stock rating from Outperform to Peer Perform, citing concerns about macroeconomic uncertainties and potential recession risks in the U.S. industrial sector. Mizuho Securities, however, has maintained its Outperform rating with a price target of $715, highlighting a positive shift in Parker-Hannifin’s order growth driven by its aerospace sector. Stifel analysts have kept a Hold rating on the stock with a $691 target, emphasizing the stock’s correlation with global manufacturing trends. Barclays has indicated that Parker-Hannifin might be impacted by potential auto tariffs, which could affect automotive suppliers. Despite these challenges, Parker-Hannifin’s financial strategies, including the recent note issuance, reflect its ongoing efforts to manage its financial obligations effectively.
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