Parker-Hannifin Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on June 3, 2022
April 28, 2022 at 05:00 pm EDT
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Parker-Hannifin Corporation announced that its Board of Directors has declared a regular quarterly cash dividend of $1.33 per share of common stock to shareholders of record as of May 13, 2022. The dividend is payable June 3, 2022. The dividend represents a 29% increase over the previous quarterly cash dividend of $1.03 per common share and is the company's 288th consecutive quarterly dividend.
Parker Hannifin Corporation specializes in designing, manufacturing, and selling monitoring and control systems. Net sales break down by family of products as follows:
- industrial systems (84.1%): industrial pipes, pipe connectors and adapters, oil filters, air filters, motors, hydraulic pumps and valves, pneumatic accessories, diagnostic equipment, climate control and monitoring systems (carbonic gas control systems, electronic controllers, pressure regulators, electromagnetic valves, thermostatic pressure relief valves), etc. North America accounts for 57.7% of net sales;
- aerospace systems and components (15.9%): flight control systems, fluid flow automation and monitoring systems, hydraulic components, brakes, etc. intended for military and commercial aircraft.
Net sales break down geographically as follows: North America (64.4%), Europe (19.9%), Asia-Pacific (14.4%) and Latin America (1.3%).
PARKER-HANNIFIN CORPORATION 
