Trane Technologies's last quarterly dividend payment of $0.84 per share was made to shareholders on record before Feb 29, 2024. The dividend payment stands at $3.09 per share annually, which equates to a dividend yield of 1.04%. The latest TT stock dividend of $0.84 is an increase from the previous $0.75 distribution, representing a growth of 12%.
Trane Technologies's dividend yield of 1.04% is lower than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.41%, Trane Technologies's dividend yield is 26% 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 30 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 67% from a year ago, the dividend yield marks a decrease of 33%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 29, 2024 | Mar 29, 2024 | Feb 7, 2024 | $0.84 | normal |
| Nov 30, 2023 | Dec 29, 2023 | Oct 4, 2023 | $0.75 | normal |
| 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 34.9% is above the Industrials sector and the industry average. Compared to its Industrials sector average of 30.4%, Trane Technologies's payout ratio is 15% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| JCI Johnson Controls International plc | 2.31% | $1.48 | 48.1% |
| TT Trane Technologies plc | 1.04% | $3.09 | 34.9% |
| LII Lennox International Inc | 0.95% | $4.4 | 25.4% |
Yes, Trane Technologies has been paying dividends for the last 30 years.
TT's next dividend date is Jun 7, 2024 (ex-date).
Trane Technologies's last regular dividend was on Feb 29, 2024 (ex-date) with the amount of $0.84 per share.
TT has paid dividend of $3.09 per share in the last year.
Trane Technologies's current dividend yield is 1.04%.
Trane Technologies pays dividends quarterly.
The dividend payout ratio of Trane Technologies is 34.9%.
Trane Technologies's dividend yield is lower than the Industrials sector average.