Ingersoll Rand Keeps Dividend Steady

Ingersoll Rand is sticking to its existing dividend policy for now. The firm has declared its latest distribution, which is to be $0.21 per share, paid on September 30 to stockholders of record as of September 13. That amount matches both of the firm's previous two disbursements, the most recent of which was paid at the end of June. Prior to that, Ingersoll Rand dispensed a nickel less at $0.16 per share.

The firm has been a reliable dividend payer over the years; it's handed out a distribution on a quarterly basis since 1919.

The just-declared dividend annualizes to $0.84 per share. That yields 1.4% at Ingersoll Rand's most recent closing stock price of $61.01.

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