CLEVELAND, April 17 /PRNewswire-FirstCall/ -- The Board of Directors of
Parker Hannifin Corporation (NYSE: PH) today declared a regular quarterly
cash dividend of 26 cents per share of common stock, payable June 1, 2007,
to shareholders of record as of May 17, 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )
This is Parker's 228th consecutive quarterly dividend and comprises a
distribution of approximately $30 million. Parker has increased its annual
dividends paid to shareholders for 51 consecutive years, among the top five
longest-running dividend-increase records in the S&P 500 index.
With annual sales exceeding $9 billion, Parker Hannifin 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 57,000 people in 43 countries around the world. For more
information, visit the company's web site at http://www.parker.com, or its
investor information site at http://www.phstock.com.
Forward-Looking Statements: Forward-looking statements contained in
this document and other written reports and oral statements are made based
on known events and circumstances at the time of release, and as such, are
subject in the future to unforeseen uncertainties and risks. All statements
regarding future performance, earnings projections, events or developments
are forward- looking statements. It is possible that the Company's future
performance and earnings projections of the Company may differ materially
from current expectations, depending on economic conditions within both its
industrial and aerospace markets, and the Company's ability to achieve and
maintain anticipated benefits associated with announced realignment
activities, strategic initiatives to improve operating margins and growth
and innovation initiatives. A change in economic conditions in individual
markets may have a particularly volatile effect on segment performance.
Among other factors which may affect future performance are: changes in
business relationships with and purchases by or from major customers or
suppliers, including delays or cancellations in shipments, or significant
changes in financial condition, uncertainties surrounding timing,
successful completion or integration of acquisitions, threats associated
with and efforts to combat terrorism, competitive market conditions and
resulting effects on sales and pricing, increases in raw material costs
that cannot be recovered in product pricing, the Company's ability to
manage costs related to insurance and employee retirement and health care
benefits, and global economic factors, including manufacturing activity,
air travel trends, currency exchange rates, difficulties entering new
markets and general economic conditions such as interest rates. The Company
undertakes no obligation to update or publicly revise these forward-looking
statements to reflect events or circumstances that arise after the date of
this press release.
SOURCE Parker Hannifin Corporation
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Related links:
http://www.phstock.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Media, Christopher M. Farage - Vice
President, Corp. Communications, +1-216-896-2750, or
cfarage@parker.com; or Financial Analysts, Pamela Huggins, Vice
President - Treasurer, +1-216-896-2240, or phuggins@parker.com,
all of Parker Hannifin Corporation
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