Parker Hannifin Raises Annual Dividend for 45th Consecutive Year

Apr 12, 2001, 01:00 ET from Parker Hannifin Corporation

    CLEVELAND, April 12 /PRNewswire/ -- The Board of Directors of
 Parker Hannifin Corporation (NYSE:   PH) declared a regular quarterly cash
 dividend of $0.18 per share of common stock payable June 1, 2001, to
 shareholders of record as of May 17.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )
     With this action, Parker marks its 45th consecutive increase in annual
 dividends, which are paid quarterly.  This also is the 204th consecutive
 quarterly dividend paid by the company, comprising a distribution of
 approximately $21.0 million.
     With annual sales of $6 billion, Parker Hannifin Corporation is the
 world's leading diversified manufacturer of motion and control technologies
 and systems, providing precision-engineered solutions for a wide variety of
 commercial, mobile, industrial and aerospace markets. The company employs more
 than 45,000 people in 46 countries around the world. For more information,
 visit the company's web site at www.parker.com , or its investor information
 site at www.phstock.com .
 
 

SOURCE Parker Hannifin Corporation
    CLEVELAND, April 12 /PRNewswire/ -- The Board of Directors of
 Parker Hannifin Corporation (NYSE:   PH) declared a regular quarterly cash
 dividend of $0.18 per share of common stock payable June 1, 2001, to
 shareholders of record as of May 17.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )
     With this action, Parker marks its 45th consecutive increase in annual
 dividends, which are paid quarterly.  This also is the 204th consecutive
 quarterly dividend paid by the company, comprising a distribution of
 approximately $21.0 million.
     With annual sales of $6 billion, Parker Hannifin Corporation is the
 world's leading diversified manufacturer of motion and control technologies
 and systems, providing precision-engineered solutions for a wide variety of
 commercial, mobile, industrial and aerospace markets. The company employs more
 than 45,000 people in 46 countries around the world. For more information,
 visit the company's web site at www.parker.com , or its investor information
 site at www.phstock.com .
 
 SOURCE  Parker Hannifin Corporation