Parker Hannifin Corporation (NYSE:PH) has declared a regular quarterly cash dividend of 37 cents per share of common stock to shareholders of record as of August 29, 2011. The dividend is payable September 9, 2011. This is the company's 245th consecutive quarterly dividend and results in a total distribution to shareholders of approximately $57 million. Parker has increased its annual dividends paid to shareholders for 55 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index.

Read more at: http://pennytobuck.com/?p=16717