StockNews.AI
TT
StockNews.AI
195 days

Trane Technologies Increases Dividend by 12%, Declares Quarterly Dividend

1. Trane Technologies announces a 12% dividend increase to $0.94 quarterly. 2. The increase signals strong future cash flow and commitment to shareholders. 3. The company has consistently raised dividends, offering confidence to investors. 4. Management sees continued strong financial performance and shareholder returns.

3m saved
Insight
Article

FAQ

Why Bullish?

The raised dividend suggests strong financial health, similar to previous increases boosting stock prices.

How important is it?

The article outlines significant developments, systematically impacting investor confidence and stock valuation.

Why Long Term?

The strategic focus on sustainability and cash flow is expected to yield long-term benefits, akin to past performance patterns.

Related Companies

TT
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, announced the Board of Directors has approved a 12% increase to the dividend, resulting in a quarterly dividend of $0.94 per ordinary share, or $3.76 per share annualized. The dividend is payable March 31, 2025, to shareholders of record on March 7, 2025. “Our focused sustainability strategy, proven business operating system and relentless investment in growth and innovation enables us to consistently deliver a leading growth profile, strong margins and powerful free cash flow,” said Dave Regnery, chair and CEO, Trane Technologies. “Since launching Trane Technologies in 2020, we have delivered free cash flow conversion of 108% of adjusted net earnings, enabling us to execute our balanced capital allocation strategy and raise the dividend by more than 75%. We are well positioned to deliver continued strong financial performance and differentiated shareholder returns over the long term.” Today’s announcement reflects the Company’s confidence in its ability to generate strong free cash flow in the future and pay a competitive and growing dividend over time. The Company has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910. About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at tranetechnologies.com.

Related News