01-03-2016, 11:54 AM
Quote:Parker Hannifin has paid and increased its dividend for 58 consecutive fiscal years and is included on David Fish's list of Dividend Champions. There may be some confusion about their dividend increase history. It is not a member of other popular lists such as the S&P Dividend Aristocrats. Parker Hannifin's dividend growth streak is based on its fiscal year, which closes on June 30th. The streak is confirmed by summing up the four dividend payments during each fiscal year and calculating an increase from the previous year. Parker Hannifin does not regularly increase its dividend every four quarters like many popular dividend growth stocks. In some stretches, they have not raised their dividend for eight straight quarters. Consequently, increases cannot be expected at the same time each year, but year-over-year increases from June to June has been a good bet for quite some time now.http://seekingalpha.com/article/2493945-...owth-stock