SWORDS, Ireland--(BUSINESS WIRE)--
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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Source: Ingersoll-Rand plc