Parker-Hannifin (PH)

[rapidacid]

What's the deal with PCAR's dividend history ... every 5 quarters or so they pay out a special dividend?

Their numbers do look strong ... thanks for bringing it to the table

[rapidacid]

I'm not sure if this dividend history page is correct or not, but is PH really a dividend champion? Look at 2001-2004 where there's 8 straight quarters of $0.18 followed by 8 straight quarters of $0.19:

http://www.nasdaq.com/symbol/ph/dividend-history

Currently they've done 5 straight quarters of $0.63

Compare it to this next link and the numbers aren't even the same, but still back to back 8 straight quarters of the same payment:

https://www.dividata.com/stock/PH/dividend

Their whole history appears to be a little willy nilly ... anyone know if there's some ratio or lever that management guides to before they'll bump the div?

Edit: PH's website's numbers are the same as the first link: http://phx.corporate-ir.net/phoenix.zhtm...-dividends

[rayray]

Other Industrials to look at would be ETN and ITW and of course EMR.

[lucas03]

rapidacid:
Well, if dividend is not decreased or cut, I guess it stays in Champions list. Another example is HP (Dividend Champion), which is far from raising dividends each year.

Nasdaq and PHX do not edit dividends based on corporate actions (they keep real/actually paid dividends). Dividata.com update dividends from Yahoo Finance, where dividends are updated and corporate actions are taken into account. For Parker-Hannifin Corporation, it was 3-for-2 split on Oct. 2, 2007.

[rapidacid]

Quote:Parker Hannifin has paid and increased its dividend for 58 consecutive fiscal years and is included on David Fish's list of Dividend Champions. There may be some confusion about their dividend increase history. It is not a member of other popular lists such as the S&P Dividend Aristocrats. Parker Hannifin's dividend growth streak is based on its fiscal year, which closes on June 30th. The streak is confirmed by summing up the four dividend payments during each fiscal year and calculating an increase from the previous year. Parker Hannifin does not regularly increase its dividend every four quarters like many popular dividend growth stocks. In some stretches, they have not raised their dividend for eight straight quarters. Consequently, increases cannot be expected at the same time each year, but year-over-year increases from June to June has been a good bet for quite some time now.

http://seekingalpha.com/article/2493945-...owth-stock

[Roadmap2Retire]

The fiscal year for Parker runs from July to June. So, when you look at the fiscal year dividends, they were increased each year for 58 consecutive years, even though it might appear that there was no increase for a couple of years.

Pulled up this old RBD article, where he mentions and presents the data in an excel sheet comparing Annual vs. Fiscal dividends for PH.

Article:
http://www.retirebeforedad.com/2014/09/1...-hannifin/

Spreadsheet:
http://www.retirebeforedad.com/parker-ha...dend-xlsx/

[rapidacid]

Excellent. Thanks R2R