Parker-Hannifin (PH) DIvidends Date & History

Key Takeaways

• Parker-Hannifin Corporation (PH) pays a quarterly dividend of $2.00 per share, for an annualized total of $8.00.
• The current dividend yield stands at approximately 0.83%.
• The company has raised its dividend for 70 consecutive fiscal years, ranking among the longest streaks in the S&P 500.
• Payout ratio remains low at roughly 26%, indicating strong earnings coverage.
• Dividends are well-supported by consistent free cash flow generation.
• PH appeals primarily to dividend growth investors seeking long-term compounding rather than high current income.

Dividend Overview

Parker-Hannifin Corporation (PH) follows a conservative dividend policy focused on steady annual increases. The company pays dividends quarterly, with the most recent quarterly payout set at $2.00 per share. This results in a current dividend yield near 0.83%, positioning PH as a modest-yield dividend growth stock rather than a high-yield income vehicle. The board has demonstrated consistent commitment to returning capital through dividends while maintaining financial flexibility for acquisitions and share repurchases.

Dividend History and Growth

Parker-Hannifin Corporation (PH) has increased its annual dividend for 70 consecutive fiscal years, establishing it as a Dividend King. Growth rates have averaged over 10% annually in recent periods, with the latest 11% hike announced in April 2026 bringing the quarterly dividend to $2.00. The firm has paid 304 consecutive quarterly dividends without interruption. This long-term strategy reflects disciplined capital allocation and confidence in sustained cash generation across industrial and aerospace markets.

Dividend Sustainability and Payout Ratio

The payout ratio of approximately 26% provides substantial coverage from earnings, leaving ample room for reinvestment and future increases. Free cash flow consistently supports dividend payments alongside debt management and growth initiatives. Parker-Hannifin Corporation (PH) maintains a strong balance sheet with manageable leverage, supporting dividend sustainability even during economic cycles. The low payout ratio and robust cash generation suggest the dividend is well-protected and positioned for continued growth.

Dividend Compared to Industry Peers

Within the industrials sector, Parker-Hannifin Corporation (PH) offers a lower yield than the peer average of around 2.36%. Many competitors provide higher current income, yet PH distinguishes itself through superior dividend growth consistency and a much lower payout ratio. This profile suits investors prioritizing long-term dividend expansion over immediate yield.

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Is This Stock Attractive for Dividend Investors?

Parker-Hannifin Corporation (PH) suits dividend growth investors focused on long-term compounding and capital appreciation rather than high current income. Its low yield and strong growth history appeal to those building positions over decades. Conservative investors may value the extended payout streak and conservative payout ratio, while income-oriented investors might find the modest yield less compelling compared with higher-yielding industrials peers. The stock offers a balanced profile for patient, growth-oriented dividend strategies.

Disclaimer

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