Ingersoll-Rand IR announced that its board of directors declared a quarterly dividend of 12 cents per ordinary share of the company, reflecting a 71 percent increase. The board also authorized the repurchase of up to $2 billion of the company's ordinary shares.
The dividend is payable June 30, 2011, to shareholders of record on June 17, 2011. The previous quarterly dividend was 7 cents per share.
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