Parker Hannifin (Parker Hannifin) Dividend Payout Ratio

: 0.29 (As of Dec. 2023)

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Parker Hannifin's dividend payout ratio for the months ended in Dec. 2023 was 0.29.

The historical rank and industry rank for Parker Hannifin's Dividend Payout Ratio or its related term are showing as below:

PH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.33 Max: 0.43
Current: 0.27

During the past 13 years, the highest Dividend Payout Ratio of Parker Hannifin was 0.43. The lowest was 0.25. And the median was 0.33.

PH's Dividend Payout Ratio is ranked better than
60.35% of 1677 companies
in the Industrial Products industry
Industry Median: 0.33 vs PH: 0.27

As of today (2024-04-16), the Dividend Yield % of Parker Hannifin is 1.09%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Parker Hannifin was 3.32%. The lowest was 1.02%. And the median was 1.61%.

Parker Hannifin's Dividends per Share for the months ended in Dec. 2023 was $1.48.

During the past 12 months, Parker Hannifin's average Dividends Per Share Growth Rate was 14.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 15.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Parker Hannifin was 29.40% per year. The lowest was -3.80% per year. And the median was 10.20% per year.

The growth rate is calculated with least square regression.

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

Parker Hannifin Dividend Payout Ratio Historical Data

The historical data trend for Parker Hannifin's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Parker Hannifin Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dividend Payout Ratio

0.27

0.38

0.29

0.27

0.25

Parker Hannifin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.42	0.29	0.24	0.25	0.29

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Parker Hannifin's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

Parker Hannifin Dividend Payout Ratio Distribution

For the Industrial Products industry and Industrials sector, Parker Hannifin's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Parker Hannifin's Dividend Payout Ratio falls into.

Parker Hannifin Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Parker Hannifin's Dividend Payout Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2023 )	/	EPS without NRI (A: Jun. 2023 )
	=	5.47	/	21.55
	=	0.25

Parker Hannifin's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	1.48	/	5.091
	=	0.29

Parker Hannifin (NYSE:PH) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Parker Hannifin Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Parker Hannifin's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Parker Hannifin (Parker Hannifin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Parker Hannifin Corp (NYSE:PH) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

PH:Mexico 1PH:Italy PAR:Germany PAR:Germany PAR:Germany

Address

6035 Parkland Boulevard, Cleveland, OH, USA, 44124-4141

Website

http://www.phstock.com

Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.

Executives

Joseph R Leonti	officer: VP, General Counsel, Secretary	6035 PARKLAND BLVD, CLEVELAND OH 44124
Joseph Scaminace	director	C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE N W, CLEVELAND OH 44115
Denise R. Fleming	director	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Todd M. Leombruno	officer: VP & Controller	C/O PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Linda S Harty	director	MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432
Dinu J Parel	officer: VP - Chief Information Officer	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124-4141
Robert W Malone	officer: VP, President--Filtration Grp	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Berend Bracht	officer: VP & Pres.-Motion Systems Grp.	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Rober S Sherrard	officer: VP, PRESIDENT-INSTRUMENTATION	6035 PARKLAND BLVD, C/O PARKER HANNIFIN CORP, CLEVELAND OH 44124
Mark J Hart	officer: EVP - HR & External Affairs	6035 PARKLAND BLVD, CLEVELAND OH 44124
Lee C Banks	officer: VP, PRESIDENT-INSTRUMENTATION	PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44124-4141
William R Bowman	officer: VP-Pres - Instrumentation Grp	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Thomas C Gentile	officer: VP-Global Supply Chain	C/O PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Andrew D Ross	officer: VP and President - Seal Group	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Mark T Czaja	officer: VP-Chief Technology & Innov.	PARKER-HANNIFIN CORPORATION, 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124