Parker Increases Quarterly Dividend to 27 Cents

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.