Donaldson Company Announces Quarterly Cash Dividend and New Share Repurchase Program
17 November 2023 - 7:14PM
Business Wire
Donaldson Company, Inc. (NYSE: DCI) today announced that its
Board of Directors declared a regular cash dividend of 25.0 cents
per share and authorized a new share repurchase program.
The dividend is payable December 20, 2023, to shareholders of
record on December 5, 2023. Donaldson is a member of the S&P
High-Yield Dividend Aristocrats Index and calendar year 2023 will
mark the 28th consecutive year of annual dividend increases. The
Company has paid a cash dividend every quarter for 68 years.
Additionally, Donaldson’s Board of Directors authorized the
repurchase of up to 12 million shares of its common stock, or
approximately 10 percent of its outstanding shares. The new
repurchase authorization replaces the existing authority that was
approved in May 2019. To date, the Company has repurchased
approximately 11 million shares under the prior authorization of 13
million shares.
About Donaldson Company,
Inc.
Founded in 1915, Donaldson (NYSE: DCI) is a global leader in
technology-led filtration products and solutions, serving a broad
range of industries and advanced markets. Our diverse, skilled
employees at over 140 locations on six continents partner with
customers—from small business owners to the world’s biggest OEM
brands—to solve complex filtration challenges. Discover how
Donaldson is Advancing Filtration for a Cleaner World at
www.Donaldson.com.
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Sarika Dhadwal (952) 887-3753 Sarika.Dhadwal@Donaldson.com
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