SWORDS, Ireland--(BUSINESS WIRE)--
Ingersoll-Rand plc’s (NYSE:IR) Board of Directors declared a quarterly
dividend of $0.45 per ordinary share, reflecting a 12.5 percent increase
and an annual dividend rate of $1.80 per share, up from $1.60 per share.
Ingersoll Rand, a world leader in creating comfortable, sustainable and
efficient environments, has paid consecutive quarterly cash dividends on
its common shares since 1919 and annual dividends since 1910.
The dividend is payable September 29, 2017, to shareholders of record on
September 8, 2017.
“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
double-digit 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 $13 billion global
business committed to a world of sustainable progress and enduring
results. For more information, visit www.ingersollrand.com.
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Source: Ingersoll Rand