Parker-Hannifin (PH) DIvidends Date & History

Key Takeaways

• Parker-Hannifin Corporation (PH) offers a modest forward dividend yield of approximately 0.84% with an annual dividend of $8.00 per share.
• The company pays dividends quarterly and recently raised its quarterly payout to $2.00, marking an 11% increase.
• PH has delivered 70 consecutive years of dividend increases and paid 304 consecutive quarterly dividends.
• The payout ratio stands at roughly 26%, indicating strong earnings coverage and dividend sustainability.
• Free cash flow comfortably covers the dividend, supporting long-term growth potential for dividend investors.
• The stock appeals primarily to dividend growth investors seeking consistent increases over high current income.

Dividend Overview

Parker-Hannifin Corporation (PH) maintains a conservative dividend policy focused on steady growth rather than high current yield. The company pays dividends quarterly, with an annual total of $8.00 per share and a forward yield near 0.84%. This positions PH as a dividend growth stock, emphasizing annual increases and long-term shareholder returns over high immediate income. The most recent quarterly dividend of $2.00 per share reflects an 11% hike announced in April 2026 and paid in June 2026. Overall, the modest yield suits investors prioritizing capital appreciation alongside rising payouts.

Dividend History and Growth

Parker-Hannifin Corporation (PH) boasts a strong track record of dividend growth, with 70 consecutive years of increases. The company has paid 304 consecutive quarterly dividends without interruption. Recent history shows consistent annual hikes, including the latest 11% rise to $2.00 per share. Over the past five years, the average annual dividend growth rate has exceeded 13%. This long-term strategy reflects management's commitment to returning capital while maintaining financial flexibility for operations and acquisitions.

Dividend Sustainability and Payout Ratio

The dividend appears highly sustainable given Parker-Hannifin Corporation (PH)'s low payout ratio of approximately 26% of earnings. This conservative level leaves substantial room for future increases and buffers against earnings volatility. Free cash flow coverage also remains strong, with dividends representing only about 23-25% of cash generated. The company maintains a solid balance sheet with manageable debt levels relative to its industrial peers. Combined with consistent earnings growth, these factors support the outlook for ongoing dividend reliability and potential further raises.

Dividend Compared to Industry Peers

Within the industrials sector, Parker-Hannifin Corporation (PH) offers a below-average dividend yield compared to many peers, which often range from 1.5% to 3% or higher. However, PH distinguishes itself through superior dividend growth consistency and a much lower payout ratio. Competitors may provide higher current income but typically feature slower growth or higher payout ratios that limit future increases. This profile makes PH attractive for growth-oriented dividend strategies rather than pure income plays.

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Is This Stock Attractive for Dividend Investors?

Parker-Hannifin Corporation (PH) suits dividend growth investors and long-term shareholders who value consistent annual increases and capital appreciation over high current yields. Its low payout ratio and robust free cash flow provide a margin of safety, appealing to conservative income-focused investors seeking reliability. The stock may not attract those prioritizing immediate high yields typical of utilities or consumer staples. Overall, PH fits portfolios emphasizing sustainable dividend growth within the industrials sector, where earnings expansion supports future payouts without straining finances.

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