Trane Technologies Plans New $3B Stock Buyback, Declares Dividend

Trane Technologies PLC TT declared a quarterly dividend of $0.67 per ordinary share or $2.68 annualized. The dividend rate represents an increase of 14% compared to the prior dividend of $0.59 per share.
The dividend is payable on March 31, 2022, to shareholders of record on March 4, 2022.
The company recently revealed its intention to increase the annual dividend by 14%, to $2.68 per share annualized, starting in Q1 of 2022.
Related: Trane Technologies Clocks 28% Bookings Growth In Q4; Beats Consensus
The company's board also authorized a new share repurchase program of up to $3 billion, to commence upon completing the prior $2 billion program.
The prior 2021 program had approximately $1.05 billion remaining as of January 31, 2022.
Also read: Analysts Cut Trane Technologies Price Target Post Q4 Results
Price Action: TT shares are trading lower by 1.24% at $162.90 on the last check Thursday.

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