-

Donaldson Company Announces Quarterly Cash Dividend and New Share Repurchase Program

MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI) today announced that its Board of Directors declared a regular cash dividend of 25.0 cents per share and authorized a new share repurchase program.

The dividend is payable December 20, 2023, to shareholders of record on December 5, 2023. Donaldson is a member of the S&P High-Yield Dividend Aristocrats Index and calendar year 2023 will mark the 28th consecutive year of annual dividend increases. The Company has paid a cash dividend every quarter for 68 years.

Additionally, Donaldson’s Board of Directors authorized the repurchase of up to 12 million shares of its common stock, or approximately 10 percent of its outstanding shares. The new repurchase authorization replaces the existing authority that was approved in May 2019. To date, the Company has repurchased approximately 11 million shares under the prior authorization of 13 million shares.

About Donaldson Company, Inc.

Founded in 1915, Donaldson (NYSE: DCI) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Our diverse, skilled employees at over 140 locations on six continents partner with customers—from small business owners to the world’s biggest OEM brands—to solve complex filtration challenges. Discover how Donaldson is Advancing Filtration for a Cleaner World at www.Donaldson.com.

Contacts

Sarika Dhadwal
(952) 887-3753
Sarika.Dhadwal@Donaldson.com

Industry:

Donaldson Company, Inc.

NYSE:DCI
Release Versions
English

Contacts

Sarika Dhadwal
(952) 887-3753
Sarika.Dhadwal@Donaldson.com

More News From Donaldson Company, Inc.

Donaldson to Webcast Second Quarter Fiscal 2026 Earnings Conference Call

MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI), a leading worldwide provider of innovative filtration products and solutions, will webcast its second quarter 2026 earnings conference call on Thursday, February 26, 2026, at 9:00 a.m. CT. WEBCAST: To listen to a live webcast of the call, visit the “Events & Presentations” section of Donaldson’s Investor Relations website at IR.Donaldson.com and click on the “listen to webcast” option.   REPLAY: The webcast replay will be av...

Donaldson to Acquire Facet, an Innovator in Mission-Critical Fuel and Fluid Filtration Solutions

MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI) (Donaldson or the Company), a global leader in technology-led filtration products and solutions, today announced it has entered into a definitive agreement to acquire Filtration Group’s Facet Filtration business in an all-cash transaction valued at approximately $820 million. The purchase price represents approximately 20.0x calendar year 2025 EBITDA, or 16.6x when adjusted for the present value of expected tax benefits and cost...

Donaldson Elects Chief Operating Officer Richard Lewis to Succeed Tod Carpenter as President and CEO as Part of Planned Succession

MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI) (Donaldson or the Company), a global leader in technology-led filtration products and solutions, announced that the Company’s board of directors has elected chief operating officer Richard Lewis as president and chief executive officer, effective March 2, 2026. Lewis will succeed Tod Carpenter, who will transition to executive chairman after a career spanning 30 years at the Company, including the past 11 years as president and c...
Back to Newsroom