Parker Hannifin's last quarterly dividend of $1.33 per share was on Aug 26, 2022 (ex-date). The annualized dividend payment of $4.72 per share represents a current dividend yield of 1.92%.
PH has a dividend yield of 1.92% which is higher than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 1.69%, Parker Hannifin's dividend yield is 14% higher. Historically PH's dividend yield has averaged at 1.6% in the last 5 years, which is less than the current one.
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 24% for the last twelve months. And with the stock price down by 15% from a year ago, the dividend yield has grown by 45%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 |
PH has a payout ratio of 46.1% which is higher than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 28.8%, Parker Hannifin's payout ratio is 60% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CR Crane Co | 2.1% | $1.84 | 19% |
| ROK Rockwell Automation Inc | 2.08% | $4.48 | 77.5% |
| PH Parker Hannifin Corp | 1.92% | $4.72 | 46.1% |
| DOV DOVER Corp | 1.7% | $2.01 | 25.3% |
| ITT ITT Inc | 1.54% | $1.01 | 25.2% |
| GE General Electric Co | 0.51% | $0.32 | N/A |
| DHR Danaher Corp | 0.37% | $0.96 | 11.1% |
Yes, Parker Hannifin has been paying dividends for the last 28 years.
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 November 2022.
Parker Hannifin's last regular dividend was on Aug 26, 2022 (ex-date) with the amount of $1.33 per share.
PH has paid dividend of $4.72 per share in the last year.
Currently Parker Hannifin's dividend yield is 1.92%.
Parker Hannifin pays dividends quarterly.
The dividend payout ratio of Parker Hannifin is 46.1%.
Parker Hannifin's dividend yield is more than the Industrials sector average.