Reported 1 day ago
Parker-Hannifin Corporation (PH) has been highlighted as a strong contender among dividend kings, boasting a remarkable average annual dividend growth rate of 13.12% over the past five years. The company, known for its motion and control technologies, reported significant financial growth, including a 20% rise in operating cash flow for FY24. With a robust history of 68 years of dividend growth and plans to double dividends in the next five years, PH is positioned as a favorable option for investors seeking consistent dividend income, despite the uncertain economic environment.
Source: YAHOO