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SWORDS, Ireland - Trane Technologies plc (NYSE:TT), known for its climate innovation solutions, has announced a quarterly dividend of $0.94 per ordinary share, marking an annualized payout of $3.76, representing a yield of 0.87%. The $96.48 billion market cap company will distribute the dividend to shareholders on record by September 5, 2025, on September 30, 2025. According to InvestingPro data, the company has maintained dividend payments for 55 consecutive years, demonstrating remarkable financial stability.
The company, with a history of consistent shareholder returns, has increased its quarterly dividend by 77% since March 2020. This consistent performance, supported by strong revenue growth of 11.43% and an overall "GREAT" financial health score from InvestingPro, aligns with Trane Technologies’ long-standing practice of paying quarterly cash dividends since 1919 and annual dividends since 1910.
Trane Technologies operates through its strategic brands, Trane® and Thermo King®, offering a range of environmentally responsible products and services. The company focuses on delivering efficient and sustainable climate solutions for buildings, homes, and transportation.
This dividend declaration is part of the company’s financial strategy to enhance shareholder value and reflects its commitment to delivering strong financial performance. The information is based on a press release statement issued by Trane Technologies.
In other recent news, Trane Technologies reported first-quarter earnings and revenue that exceeded analyst expectations. The company posted adjusted earnings per share of $2.45, surpassing the consensus estimate of $2.20. Revenue reached $4.69 billion, which was higher than the projected $4.46 billion, marking an 11.8% increase year-over-year. In another development, Trane Technologies has entered into a new $1 billion senior unsecured revolving credit agreement. This credit facility, effective May 2025, is intended for working capital and other corporate purposes, replacing an existing agreement set to expire in 2026. The arrangement was facilitated by a consortium of banks led by JPMorgan Chase. These recent developments highlight Trane Technologies’ strategic financial management and operational flexibility.
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