Ingersoll-Rand Keeps Its Dividend Steady

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Ingersoll-Rand is continuing its long tradition of paying a dividend. The company will distribute $0.21 per share of its common stock on June 28 to shareholders of record as of June 14. This amount matches the previous disbursement, which was handed out last month. Prior to that, it paid $0.16 per share.

Ingersoll-Rand, a habitual dividend payer, has handed out quarterly dividends since 1919.

The current dividend annualizes to $0.84 per share, which yields 1.6% at Ingersoll-Rand's most recent closing stock price of $53.92.

The article Ingersoll-Rand Keeps Its Dividend Steady originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Ingersoll-Rand, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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