Ingersoll Rand Increases Dividend by 18 Percent
SWORDS, Ireland--(BUSINESS WIRE)--Jun 11, 2018--The Board of Directors for Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, declared a quarterly dividend of $0.53 cents per ordinary share, reflecting an 18 percent increase and an annual dividend rate of $2.12 per share, up from $1.80 per share. The company has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910.
The dividend is payable September 28, 2018, to shareholders of record on September 7, 2018.
“Our leading brands, consistent strategy and solid execution continues to deliver steady cash flow growth that allows us to invest in the business and return substantial cash to shareholders,” said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand. “Today’s dividend increase reflects our ongoing commitment to paying a highly competitive and growing dividend to our shareholders as an integral part of our dynamic capital allocation strategy.”
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands — including Club Car ®, Ingersoll Rand ®, Thermo King ® and Trane ® — work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a $14 billion global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.
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CONTACT: Ingersoll-Rand plc
Perri Richman, 732-319-1024
Zac Nagle, 704-990-3001
KEYWORD: EUROPE IRELAND
INDUSTRY KEYWORD: BUILDING SYSTEMS TRANSPORT MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT OTHER MANUFACTURING RETAIL SPECIALTY CONSTRUCTION & PROPERTY
SOURCE: Ingersoll-Rand plc
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PUB: 06/11/2018 06:30 AM/DISC: 06/11/2018 06:30 AM