Parker Hannifin Corporation PH today announced that its Board of Directors increased the company's regular quarterly cash dividend to 27 cents per share of common stock and declared a dividend payable September 3, 2010 to shareholders of record as of August 23, 2010. This represents a 4 percent increase over the previous quarterly dividend of 26 cents per common share and is Parker Hannifin's 241st consecutive quarterly dividend, resulting in a total distribution to shareholders of approximately $44 million.
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