Ingersoll Rand Increases Dividend by 10 Percent
By Business Wire News
Ingersoll-Rand plc’s (NYSE: IR) Board of Directors declared a quarterly dividend on February 3 of $0.32 per ordinary share, reflecting a 10 percent increase and an annual dividend rate of $1.28 per share, up from $1.16 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 March 31, 2016, to shareholders of record on March 11, 2016.
“Our balanced approach to capital allocation through dividends, repurchases and disciplined M&A has delivered a total shareholder return of 143 percent over the last four years, which is nearly double that of the S&P 500 Industrial Index,” said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand. “We are confident in our strategy and today’s dividend increase reflects a continued focus to create shareholder value and deliver against our commitments.”
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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