Trane Technologies's last quarterly dividend payment of $0.67 per share was made to shareholders on record before Sep 1, 2022. The dividend payment stands at $2.6 per share annually, which equates to a dividend yield of 1.78%.
Trane Technologies's dividend yield of 1.78% is higher than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.69%, Trane Technologies's dividend yield is 5% higher. Historically TT's dividend yield has averaged at 1.7% in the last 5 years, which is in line with 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 13% since one year ago. And with the stock price down by 17% from a year ago, the dividend yield has grown by 37%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 41.1% is above the Industrials sector and the industry average. Compared to its Industrials sector average of 28.8%, Trane Technologies's payout ratio is 43% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TT Trane Technologies plc | 1.78% | $2.6 | 41.1% |
| LII Lennox International Inc | 1.76% | $3.96 | 30.5% |
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 December 2022.
Trane Technologies's last regular dividend was on Sep 1, 2022 (ex-date) with the amount of $0.67 per share.
TT has paid dividend of $2.6 per share in the last year.
Trane Technologies's current dividend yield is 1.78%.
Trane Technologies pays dividends quarterly.
The dividend payout ratio of Trane Technologies is 41.1%.
Trane Technologies's dividend yield is higher than the Industrials sector average.