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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