SWORDS, Ireland--(BUSINESS WIRE)--Ingersoll-Rand plc’s (NYSE: IR) Board of Directors declared a quarterly dividend of $0.40 per ordinary share, reflecting a 25 percent increase and an annual dividend rate of $1.60 per share, up from $1.28 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 December 30, 2016, to shareholders of record on December 9, 2016.
“Over the last six years we’ve increased our dividend nearly five-fold,” said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand. “Today’s announcement underscores our continued confidence in the company’s ability to generate strong cash flow and deliver a dynamic capital allocation strategy that creates long-term shareholder value.”
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.