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PH Parker Hannifin dividend history, payout ratio & dates

  1. Stocks
  2. Industrials
  3. NYSE: PH
  4. Dividend

Parker Hannifin's last quarterly dividend of $1.48 per share was on Feb 8, 2024 (ex-date). The annualized dividend payment of $5.92 per share represents a current dividend yield of 1.1%.

Key dates

  • PH last dividend date: Feb 8, 2024
  • PH next dividend date: Not announced
Peer dividends: DOV ITT ROK GE DHR
PH dividend stats
DPS
$5.92
Dividend yield
1.1%
Payout ratio
28.9%
vs. Industrials sector
Dividend yield
1.43%
Payout ratio
30.1%

Dividend yield

What is Parker Hannifin current dividend yield

PH has a dividend yield of 1.1% which is higher than its peers average but lower than the Industrials sector and the industry average. If we compare it with the Industrials sector average of 1.43%, Parker Hannifin's dividend yield is 23% lower. Historically PH's dividend yield has averaged at 1.6% in the last 5 years, which is more than the current one.

Dividend history

What is PH dividend payout history and dates

Parker Hannifin has a history of paying dividends since 1995. Our records of PH show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has grown by 11% for the last twelve months. But with the stock price up by 66% from a year ago, the dividend yield has decreased by 33%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Feb 8, 2024 Mar 1, 2024 Jan 25, 2024 $1.48 normal
Nov 10, 2023 Dec 1, 2023 Oct 25, 2023 $1.48 normal
Aug 25, 2023 Sep 8, 2023 Aug 17, 2023 $1.48 normal
May 11, 2023 Jun 2, 2023 Apr 27, 2023 $1.48 normal
Feb 9, 2023 Mar 3, 2023 Jan 26, 2023 $1.33 normal
Nov 10, 2022 Dec 2, 2022 Oct 26, 2022 $1.33 normal
Aug 26, 2022 Sep 9, 2022 Aug 18, 2022 $1.33 normal
May 12, 2022 Jun 3, 2022 Apr 28, 2022 $1.33 normal
Feb 10, 2022 Mar 4, 2022 Jan 27, 2022 $1.03 normal
Nov 10, 2021 Dec 3, 2021 Oct 27, 2021 $1.03 normal
Aug 26, 2021 Sep 10, 2021 Aug 12, 2021 $1.03 normal
May 6, 2021 Jun 4, 2021 Apr 22, 2021 $1.03 normal
Feb 9, 2021 Mar 5, 2021 Jan 27, 2021 $0.88 normal
Nov 5, 2020 Dec 4, 2020 Oct 28, 2020 $0.88 normal
Aug 27, 2020 Sep 11, 2020 Aug 13, 2020 $0.88 normal
May 7, 2020 Jun 5, 2020 Apr 22, 2020 $0.88 normal
Feb 6, 2020 Mar 6, 2020 Jan 23, 2020 $0.88 normal
Nov 7, 2019 Dec 6, 2019 Oct 23, 2019 $0.88 normal
Aug 27, 2019 Sep 13, 2019 Aug 15, 2019 $0.88 normal
May 9, 2019 Jun 7, 2019 Apr 25, 2019 $0.88 normal
Feb 7, 2019 Mar 1, 2019 Jan 24, 2019 $0.76 normal
Nov 8, 2018 Dec 7, 2018 Oct 24, 2018 $0.76 normal
Aug 27, 2018 Sep 14, 2018 Aug 16, 2018 $0.76 normal
May 9, 2018 Jun 1, 2018 Apr 19, 2018 $0.76 normal
Feb 8, 2018 Mar 2, 2018 Jan 25, 2018 $0.66 normal
Nov 9, 2017 Dec 1, 2017 Oct 25, 2017 $0.66 normal
Aug 24, 2017 Sep 8, 2017 Aug 17, 2017 $0.66 normal
May 8, 2017 Jun 2, 2017 Apr 20, 2017 $0.66 normal
Feb 8, 2017 Mar 3, 2017 Jan 26, 2017 $0.66 normal
Nov 8, 2016 Dec 2, 2016 Oct 26, 2016 $0.63 normal
Aug 25, 2016 Sep 9, 2016 Aug 18, 2016 $0.63 normal
May 6, 2016 Jun 3, 2016 Apr 22, 2016 $0.63 normal
Feb 8, 2016 Mar 4, 2016 Jan 21, 2016 $0.63 normal
Nov 6, 2015 Dec 4, 2015 Oct 28, 2015 $0.63 normal
Aug 26, 2015 Sep 11, 2015 Aug 13, 2015 $0.63 normal

Parker Hannifin dividend payout ratio

What is Parker Hannifin dividend payout ratio compared to the sector

Payout ratio

PH has a payout ratio of 28.9% which is higher than the industry average but lower than the Industrials sector and its peers average. But if we consider the Industrials sector average of 30.1%, Parker Hannifin's payout ratio is only 4% lower.

Total amount of dividends paid per financial year (from cash flow)

PH dividend vs peer dividends

How does PH dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
ROK Rockwell Automation Inc 1.78% $4.86 46%
DOV DOVER Corp 1.21% $2.04 26.9%
PH Parker Hannifin Corp 1.1% $5.92 28.9%
ITT ITT Inc 0.95% $1.19 23.8%
DHR Danaher Corp 0.44% $1.05 16.3%
GE General Electric Co 0.34% $0.52 6.2%

Frequently asked questions

Does Parker Hannifin pay a dividend?

Yes, Parker Hannifin has been paying dividends for the last 29 years.

When is Parker Hannifin's next dividend?

PH hasn't announced its next dividend date yet, but if we take into consideration its recent dividend frequency, it is likely that its next dividend will be in May 2024.

When was PH's last dividend?

Parker Hannifin's last regular dividend was on Feb 8, 2024 (ex-date) with the amount of $1.48 per share.

How much dividend does Parker Hannifin pay (per share)?

PH has paid dividend of $5.92 per share in the last year.

What is Parker Hannifin's dividend yield?

Currently Parker Hannifin's dividend yield is 1.1%.

How often does Parker Hannifin pay dividends?

Parker Hannifin pays dividends quarterly.

What is Parker Hannifin's dividend payout ratio?

The dividend payout ratio of Parker Hannifin is 28.9%.

Does Parker Hannifin pay a good dividend?

Parker Hannifin's dividend yield is less than the Industrials sector average.