Trane Technologies's last quarterly dividend payment of $0.67 per share was made to shareholders on record before Dec 1, 2022. The dividend payment stands at $2.68 per share annually, which equates to a dividend yield of 1.44%.
Trane Technologies's dividend yield of 1.44% is higher than the Industrials sector and the industry average. But in comparison with the Industrials sector average of 1.38%, Trane Technologies's dividend yield is only 4.3% higher. Historically TT's dividend yield has averaged at 1.7% in the last 5 years, which is higher than the current one.
Trane Technologies has been paying dividends for the last 28 years. According to our records TT has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 14% since one year ago. And with the stock price up by 13% from a year ago, the dividend yield has grown by 0.6%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 38.3% is above the Industrials sector and the industry average. Compared to its Industrials sector average of 27.4%, Trane Technologies's payout ratio is 40% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| LII Lennox International Inc | 1.49% | $4.1 | 30.2% |
| TT Trane Technologies plc | 1.44% | $2.68 | 38.3% |
Yes, Trane Technologies has been paying dividends for the last 28 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 March 2023.
Trane Technologies's last regular dividend was on Dec 1, 2022 (ex-date) with the amount of $0.67 per share.
TT has paid dividend of $2.68 per share in the last year.
Trane Technologies's current dividend yield is 1.44%.
Trane Technologies pays dividends quarterly.
The dividend payout ratio of Trane Technologies is 38.3%.
Trane Technologies's dividend yield is in line with the Industrials sector average.