Parker Hannifin Corporation PH today announced that its Board of Directors increased the Company's regular quarterly cash dividend to 32 cents per share of common stock and declared a dividend payable March 4, 2011 to shareholders of record as of February 10, 2011.
This represents a 10 percent increase over the previous quarterly dividend of 29 cents per common share and is the Company's 243rd consecutive quarterly dividend, resulting in a total distribution to shareholders of approximately $52 million.
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