GlobeNewswire Inc | Aug 13, 2020 07:30PM EDT

August 13, 2020

CLEVELAND, Aug. 13, 2020 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of 88 cents per share of common stock to shareholders of record as of August 28, 2020. The dividend is payable September 11, 2020.

This is the company's 281st consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 64 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index.

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.

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Contact:Media Aidan Gormley, Director, Global Communications and Branding216/896-3258aidan.gormley@parker.com

Financial Analysts Robin J. Davenport, Vice President, Corporate Finance216/896-2265rjdavenport@parker.com