Parker-Hannifin Corporation Dividends
The next dividend date for Parker-Hannifin Corporation has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Parker-Hannifin Corporation (PH)
More About Parker-Hannifin Corporation
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets North America, Europe, Asia Pacific, and Latin America. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers various motion-control systems and components, such as active and passive vibration control, high purity sealing, coatings, high temperature sealing, cryogenic valves and fittings, HVAC/R controls and monitoring, elastomeric, fabric reinforced, metal, precision cut seals, hydrogen and natural gas filters, electric and hydraulic pumps and motors, industrial air, gas filtration, electric and hydraulic valves, miniature pumps and valves, electromagnetic interface shielding, pneumatic actuators, regulators and valves, electromechanical and hydraulic actuators, power take offs, electronics, drives and controllers, process filtration solutions, engine filtration solutions, rubber to substrate adhesives, fluid condition monitoring, sensors and diagnostics, fluid conveyance hose and tubing, structural adhesives, high pressure connectors, fittings, valves and regulators, thermal management, high purity fittings. The Aerospace Systems segment offers products for use in commercial and defense airframe and engine programs, such as avionics, electric and hydraulic braking systems, electric power, electromechanical actuators, engine exhaust systems and components, fire detection and suppression, flight control systems, fluid conveyance, fuel systems and components, fuel tank inserting systems, hydraulic pumps and motors, hydraulic valves and actuators, pneumatics, seals, sensors, and thermal management products. The company sells its products to original equipment manufacturers, distributors, direct-sales employees, and sales representatives. Parker-Hannifin Corporation was founded in 1917 and is headquartered in Cleveland, Ohio.
Owning Parker-Hannifin Corporation Stock on the Dividend Date
If you own Parker-Hannifin Corporation stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Parker-Hannifin Corporation stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Parker-Hannifin Corporation stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Parker-Hannifin Corporation stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Parker-Hannifin Corporation dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Parker-Hannifin Corporation Dividends
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