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Allegion's Board Increases Quarterly Dividend by 6%

1. Allegion announced a quarterly dividend increase of 6%. 2. This marks the 11th consecutive annual dividend increase for Allegion. 3. The dividend is payable on March 31, 2025, to shareholders of record. 4. Allegion's 2023 revenue reached $3.7 billion, reflecting its strong market position. 5. The company focuses on security solutions for various sectors globally.

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FAQ

Why Bullish?

A dividend increase can attract investors, boosting ALLE's stock price as seen in past dividend hikes.

How important is it?

Regular dividend increases are crucial for attracting income-focused investors, significantly impacting stock perception and price.

Why Long Term?

Sustained dividend growth signals reliability, which may lead to long-term investor confidence and price increases.

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ALLEPGKO
DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, today announced that its board of directors declared a quarterly dividend of $0.51 per ordinary share of the company – representing a 6% increase from 2024 and the company’s 11th consecutive annual dividend increase. The dividend is payable on March 31, 2025, to shareholders of record on March 14, 2025. About Allegion Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had $3.7 billion in revenue in 2023, and its security products are sold around the world. For more, visit www.allegion.com.

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