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Trane Technologies (FRA:2IS) 3-Year Dividend Growth Rate : 12.30% (As of Mar. 2024)


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What is Trane Technologies 3-Year Dividend Growth Rate?

Trane Technologies's Dividends per Share for the three months ended in Mar. 2024 was €0.77.

The historical rank and industry rank for Trane Technologies's 3-Year Dividend Growth Rate or its related term are showing as below:

FRA:2IS' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -27   Med: 7.2   Max: 44.2
Current: 12.3

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Trane Technologies was 44.20% per year. The lowest was -27.00% per year. And the median was 7.20% per year.

FRA:2IS's 3-Year Dividend Growth Rate is ranked better than
59.46% of 592 companies
in the Construction industry
Industry Median: 8.7 vs FRA:2IS: 12.30

During the past 12 months, Trane Technologies's average Dividends Per Share Growth Rate was 11.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 12.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Trane Technologies's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.43. As of today, Trane Technologies's Dividend Yield % is 0.96%.

Warning Sign:

Trane Technologies PLC stock dividend yield is close to 10-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Trane Technologies's 3-Year Dividend Growth Rate

For the Building Products & Equipment subindustry, Trane Technologies's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Trane Technologies's 3-Year Dividend Growth Rate Distribution in the Construction Industry

For the Construction industry and Industrials sector, Trane Technologies's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Trane Technologies's 3-Year Dividend Growth Rate falls into.



Trane Technologies 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Trane Technologies  (FRA:2IS) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Trane Technologies's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.773/ 1.811
=0.43

During the past 13 years, the highest Dividend Payout Ratio of Trane Technologies was 0.52. The lowest was 0.31. And the median was 0.37.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Trane Technologies Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.8400002024-02-292024-03-012024-03-29Cash DividendquarterlyUSD:EUR 0.927000
USD 0.7500002023-11-302023-12-012023-12-29Cash DividendquarterlyUSD:EUR 0.924000
USD 0.7500002023-08-312023-09-012023-09-29Cash DividendquarterlyUSD:EUR 0.917000
USD 0.7500002023-06-012023-06-022023-06-30Cash DividendquarterlyUSD:EUR 0.923000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Trane Technologies's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.85168/297.10
=0.96 %

Current Share Price is €297.10.
Trane Technologies's Dividends per Share for the trailing twelve months (TTM) ended in Today is €2.85168.

During the past 13 years, the highest Dividend Yield of Trane Technologies was 2.96%. The lowest was 0.95%. And the median was 1.98%.

Warning Sign:

Trane Technologies PLC stock dividend yield is close to 10-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Trane Technologies 3-Year Dividend Growth Rate Related Terms>


Trane Technologies (FRA:2IS) Business Description

Traded in Other Exchanges
Address
170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, IRL
Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $16 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 70% of its revenue.

Trane Technologies (FRA:2IS) Headlines

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