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Parker Hannifin Raises Annual Dividend for 48th Consecutive Year
CLEVELAND -- The board of directors of Parker Hannifin Corp. today declared a regular quarterly cash dividend of $0.19 per share of common stock payable June 4 to shareholders of record as of May 20. This brings the total current fiscal-year dividends declared to 76 cents, the company reports.With this action, Parker marks its 48th consecutive year in which the company has increased its annual dividends, which are paid quarterly. This also is the 216th consecutive quarterly dividend paid by the company, comprising a distribution of approximately $23 million.Parker Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. Annual sales are nearly $7 billion.The company employs more than 46,000 people in 44 countries.Parker has increased annual dividends paid to shareholders for 48 consecutive years, which is among the top five longest-running dividend-increase records in the S&P 500.Visit Parker Hannifin at www.parker.com."