Parker-Hannifin Corporation
PHIndustrials · Stock · quarterly payer
Forward Yield
0.84%
Annual Dividend
$8.00
Payout Ratio
26%
5-Yr Growth
14.8%
Ex-Date
Aug 31, 2026
Frequency
Quarterly
Summary
As of September 2026, Parker-Hannifin Corporation (PH) yields 0.84% ($8.00 per share annually), with a blended fair-value estimate of $585.04 — -38% downside, so it screens as overvalued. Dividend safety grade: A (99/100). 9 years of dividend growth.
Is PH a good dividend stock?
YesParker-Hannifin Corporation (PH) pays a quarterly dividend yielding 0.84% ($8.00/yr), with 9 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (26%)
- Strong 14.8% 5-yr dividend growth
- 240% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.84%
- Payout Ratio
- 26%
- Annual Dividend
- $8.00
- 5-Yr Avg Growth
- 14.8%
- Ex-Dividend Date
- Aug 31, 2026
- Years of Growth
- 9
- Frequency
- quarterly
- Beta
- 1.12
- Market Cap
- $119.8B
- P/E Ratio
- 33.3
- 5-Yr Total Return
- 240%
- 52-Week Range
- $715.37 – $1,099.94
- Dividend Safety
- A · 99/100
- Ever Cut?
- No
Frequently Asked Questions
PH Price — Last 12 Months
Daily close
Price Return
1 Year
+25%
3 Years
+144%
5 Years
+240%
52-Week Range
$715.37 – $1,099.94
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PH worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Parker-Hannifin Corporation is $585.04 per share, versus a market price of $950.23. That implies 38% of downside.
Fair Value
$585.04
Current Price
$950.23
Downside
-38%
Margin of Safety
-62%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 11.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.9% discount rate (CAPM), 11.0% stage-1 growth, 2.5% terminal growth, $28.51 EPS, $8.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PH Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $2.0000 | regular |
| May 8, 2026 | — | $2.0000 | regular |
| Feb 6, 2026 | — | $1.8000 | regular |
| Nov 7, 2025 | — | $1.8000 | regular |
| Sep 2, 2025 | — | $1.8000 | regular |
| May 9, 2025 | — | $1.8000 | regular |
| Feb 7, 2025 | — | $1.6300 | regular |
| Nov 8, 2024 | — | $1.6300 | regular |
| Aug 28, 2024 | — | $1.6300 | regular |
| May 9, 2024 | — | $1.6300 | regular |
| Feb 8, 2024 | — | $1.4800 | regular |
| Nov 10, 2023 | — | $1.4800 | regular |
| Aug 25, 2023 | — | $1.4800 | regular |
| May 11, 2023 | — | $1.4800 | regular |
Income Calculator
At $8.00 / yr per share
