Parker-Hannifin (NYSE:PH) Is Increasing Its Dividend To $1.63 [Yahoo! Finance]
Parker-Hannifin Corporation (PH)
Last parker-hannifin corporation earnings: 4/30 07:30 am
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Source: Yahoo! Finance
than last year's payment of $1.48 which covered the same period. Although the dividend is now higher, the yield is only 1.1%, which is below the industry average. See our latest analysis for Parker-Hannifin Parker-Hannifin's Earnings Easily Cover The Distributions The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. However, prior to this announcement, Parker-Hannifin's dividend was comfortably covered by both cash flow and earnings. This means that most of what the business earns is being used to help it grow. The next year is set to see EPS grow by 27.5%. Assuming the dividend continues along recent trends, we think the payout ratio could be 24% by next year, which is in a pretty sustainable range. Parker-Hannifin Has A Solid Track Record The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The annual p
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PH
News
- Parker-Hannifin Co. (NYSE: PH) had its price target raised by analysts at Bank of America Co. from $600.00 to $650.00. They now have a "buy" rating on the stock.MarketBeat
- Parker's Promising Future Highlighted at Investor Day, Win Strategy™ Enables Sustainable Growth, New 5-Year Targets Announced [Yahoo! Finance]Yahoo! Finance
- Parker’s Promising Future Highlighted at Investor Day, Win Strategy™ Enables Sustainable Growth, New 5-Year Targets AnnouncedGlobeNewswire
- DANNAR Showcases High-Power Bi-Directional Mobile Power Station® Solutions at ACT Expo 2024 [Yahoo! Finance]Yahoo! Finance
- Parker-Hannifin Co. (NYSE: PH) had its "buy" rating re-affirmed by analysts at Truist Financial Co.. They now have a $611.00 price target on the stock.MarketBeat
PH
Earnings
- 5/2/24 - Beat
PH
Sec Filings
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- PH's page on the SEC website