Trane Technologies's last quarterly dividend payment of $0.75 per share was made to shareholders on record before Aug 31, 2023. The dividend payment stands at $2.92 per share annually, which equates to a dividend yield of 1.46%.
Trane Technologies's dividend yield of 1.46% is higher than the industry average but lower than the Industrials sector average. But in comparison with the Industrials sector average of 1.53%, Trane Technologies's dividend yield is only 4.6% lower. Historically TT's dividend yield has averaged at 1.6% in the last 5 years, which is higher than the current one.
Trane Technologies has been paying dividends for the last 29 years. According to our records TT has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 12% since one year ago. However with the stock price up by 36% from a year ago, the dividend yield marks a decrease of 17%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 31, 2023 | Sep 29, 2023 | Jun 2, 2023 | $0.75 | normal |
| Jun 1, 2023 | Jun 30, 2023 | Apr 6, 2023 | $0.75 | normal |
| Mar 2, 2023 | Mar 31, 2023 | Feb 9, 2023 | $0.75 | normal |
| Dec 1, 2022 | Dec 30, 2022 | Oct 12, 2022 | $0.67 | normal |
| Sep 1, 2022 | Sep 30, 2022 | Jun 2, 2022 | $0.67 | normal |
| Jun 2, 2022 | Jun 30, 2022 | $0.67 | normal | |
| Mar 3, 2022 | Mar 31, 2022 | Feb 3, 2022 | $0.67 | normal |
| Dec 2, 2021 | Dec 31, 2021 | Oct 6, 2021 | $0.59 | normal |
| Sep 2, 2021 | Sep 30, 2021 | Jun 3, 2021 | $0.59 | normal |
| Jun 3, 2021 | Jun 30, 2021 | Apr 8, 2021 | $0.59 | normal |
| Mar 4, 2021 | Mar 31, 2021 | $0.59 | normal | |
| Dec 3, 2020 | Dec 31, 2020 | Oct 8, 2020 | $0.53 | normal |
| Sep 3, 2020 | Sep 30, 2020 | Jun 5, 2020 | $0.53 | normal |
| Jun 4, 2020 | Jun 30, 2020 | Apr 8, 2020 | $0.53 | normal |
| Mar 12, 2020 | Mar 31, 2020 | Feb 5, 2020 | $0.53 | normal |
| Dec 5, 2019 | Dec 31, 2019 | Oct 3, 2019 | $0.53 | normal |
| Sep 5, 2019 | Sep 30, 2019 | Jun 10, 2019 | $0.53 | normal |
| Jun 6, 2019 | Jun 28, 2019 | Apr 4, 2019 | $0.53 | normal |
| Mar 7, 2019 | Mar 29, 2019 | Feb 6, 2019 | $0.53 | normal |
| Dec 6, 2018 | Dec 31, 2018 | Oct 2, 2018 | $0.53 | normal |
| Sep 6, 2018 | Sep 28, 2018 | Jun 11, 2018 | $0.53 | normal |
| Jun 7, 2018 | Jun 29, 2018 | Apr 4, 2018 | $0.45 | normal |
| Mar 8, 2018 | Mar 30, 2018 | Feb 7, 2018 | $0.45 | normal |
| Dec 7, 2017 | Dec 29, 2017 | Oct 3, 2017 | $0.45 | normal |
| Sep 7, 2017 | Sep 29, 2017 | Aug 4, 2017 | $0.45 | normal |
| Jun 7, 2017 | Jun 30, 2017 | $0.4 | normal | |
| Mar 8, 2017 | Mar 31, 2017 | Feb 8, 2017 | $0.4 | normal |
| Dec 7, 2016 | Dec 30, 2016 | $0.4 | normal |
Trane Technologies's payout ratio of 35.7% is above the Industrials sector and the industry average. Compared to its Industrials sector average of 29.2%, Trane Technologies's payout ratio is 22% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TT Trane Technologies plc | 1.46% | $2.92 | 35.7% |
| LII Lennox International Inc | 1.15% | $4.32 | 27.8% |
Yes, Trane Technologies has been paying dividends for the last 29 years.
TT hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in November 2023.
Trane Technologies's last regular dividend was on Aug 31, 2023 (ex-date) with the amount of $0.75 per share.
TT has paid dividend of $2.92 per share in the last year.
Trane Technologies's current dividend yield is 1.46%.
Trane Technologies pays dividends quarterly.
The dividend payout ratio of Trane Technologies is 35.7%.
Trane Technologies's dividend yield is in line with the Industrials sector average.