SWORDS, Ireland--(BUSINESS WIRE)--Ingersoll-Rand plc’s (NYSE:IR) Board of Directors declared a quarterly dividend on December 9 of $0.16 per ordinary share, reflecting a 33 percent increase and an annual dividend rate of $0.64 per share, up from $0.48 per share. Ingersoll Rand, a world leader in creating and sustaining safe, comfortable 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 30, 2012, to shareholders of record on March 12, 2012.
“This is the second announced dividend increase in 2011, and it follows a 71 percent increase announced in April,” said Michael W. Lamach, chairman, president and chief executive officer of Ingersoll Rand. “We are confident in our long term strategy and this dividend increase represents a further step in accomplishing our communicated capital allocation strategy and commitment to creating shareholder value.”
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) is a world leader in creating and sustaining safe, comfortable and efficient environments in commercial, residential and industrial markets. Our people and our family of brands—including Club Car®, Ingersoll Rand®, Schlage®, Thermo King® and Trane® —work together to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity and efficiency. We are a $14 billion global business committed to sustainable business practices within our company and for our customers. For more information, visit www.ingersollrand.com.