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TT

Trane Technologies (TT) Dividend

Trane Technologies plc · Industrials · Building Products & Equipment · quarterly payer

$407.04

Overvalued · -27% Add to Portfolio

As of Nov 5, 2026, Trane Technologies (TT) pays a quarterly dividend of $1.05 per share, or $4.20 a year, a 1.02% yield at its $407.04 share price. The next ex-dividend date is Dec 4, 2026, paid Dec 31, 2026. It has raised its dividend 15 years in a row and has a dividend safety grade of A.

Forward Yield

1.02%

Annual Dividend

$4.20

Payout Ratio

28%

5-Yr Growth

12.1%

Ex-Date

Dec 4, 2026

Frequency

Quarterly

Key facts about TT's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Trane Technologies plc (TT) has a forward dividend yield of 1.02%, based on an annual dividend of $4.20 per share and a share price of $407.04.
  • As of Nov 5, 2026, TT's dividend safety grade from SmarterDividends is A (90 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Trane Technologies plc (TT) has raised its dividend for 15 consecutive years as of Nov 5, 2026.
  • TT last cut its regular dividend in 2009.
  • TT's next ex-dividend date is Dec 4, 2026, with payment on Dec 31, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 5, 2026, TT pays out 28% of its trailing 12-month earnings as dividends (its payout ratio).
  • TT's dividend has grown at an average rate of 12.1% a year over the past five years.
  • As of Nov 5, 2026, TT's 1.02% yield is 19% below its five-year average yield of 1.26%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for TT is $296.08 per share, 27% below the $407.04 share price, so TT screens as overvalued.
  • Trane Technologies plc (TT) pays its dividend quarterly, 4 times a year.
  • Trane Technologies plc (TT) has raised its regular dividend 27 times and cut it 1 time across the 174 payments on record since 1983. Its most recent change was a 11.7% increase to $1.05 per share, going ex-dividend on Mar 6, 2026. The last cut went ex-dividend on Aug 14, 2009.
  • Trane Technologies (TT) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 11.7%, was declared on Feb 4, 2026.
Cite this page

SmarterDividends, "TT Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/TT

Is TT a good dividend stock?

Yes

Trane Technologies plc (TT) pays a quarterly dividend yielding 1.02% ($4.20/yr), with 15 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

  • 15 consecutive years of dividend growth
  • Comfortable payout ratio (28%)
  • Strong 12.1% 5-yr dividend growth
  • 120% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2009

Key Data

Dividend Yield
1.02%
Payout Ratio
28%
Annual Dividend
$4.20
5-Yr Avg Growth
12.1%
Ex-Dividend Date
Dec 4, 2026
Years of Growth
15
Frequency
quarterly
Beta
1.20
Market Cap
$89.1B
P/E Ratio
28.3
5-Yr Total Return
120%
52-Week Range
$348.06 – $505.87
Dividend Safety
A · 90/100
Ever Cut?
Yes (2009)

TT dividend raises and cuts

Trane Technologies plc (TT) has raised its regular dividend 27 times and cut it 1 time across the 174 payments on record since 1983. Its most recent change was a 11.7% increase to $1.05 per share, going ex-dividend on Mar 6, 2026. The last cut went ex-dividend on Aug 14, 2009.

Ex-dateChangeOld → newMove
Mar 6, 2026Raise$0.940 → $1.05+11.7%
Mar 7, 2025Raise$0.840 → $0.940+11.9%
Feb 29, 2024Raise$0.750 → $0.840+12.0%
Mar 2, 2023Raise$0.670 → $0.750+11.9%
Mar 3, 2022Raise$0.590 → $0.670+13.6%
Mar 4, 2021Raise$0.530 → $0.590+11.3%
Mar 12, 2020Raise$0.411 → $0.530+28.9%
Sep 6, 2018Raise$0.349 → $0.411+17.8%
Sep 7, 2017Raise$0.310 → $0.349+12.5%
Dec 7, 2016Raise$0.248 → $0.310+25.0%
Mar 9, 2016Raise$0.225 → $0.248+10.3%
Mar 11, 2015Raise$0.194 → $0.225+16.0%
Show all 28 changes since 1989
Ex-dateChangeOld → newMove
Mar 12, 2014Raise$0.130 → $0.194+49.0%
Mar 8, 2013Raise$0.0991 → $0.130+31.2%
Mar 8, 2012Raise$0.0744 → $0.0991+33.3%
Jun 15, 2011Raise$0.0434 → $0.0744+71.4%
Aug 14, 2009Cut$0.112 → $0.0434−61.1%
Aug 11, 2006Raise$0.0991 → $0.112+12.5%
Aug 12, 2005Raise$0.0775 → $0.0991+28.0%
Aug 13, 2004Raise$0.0589 → $0.0775+31.6%
Aug 14, 2003Raise$0.0527 → $0.0589+11.8%
Aug 13, 1999Raise$0.0465 → $0.0527+13.3%
Aug 15, 1997Raise$0.0423 → $0.0465+9.8%
Aug 16, 1996Raise$0.0382 → $0.0423+10.8%
Aug 11, 1994Raise$0.0361 → $0.0382+5.7%
May 13, 1992Raise$0.0341 → $0.0361+6.1%
Aug 16, 1990Raise$0.0310 → $0.0341+10.0%
May 15, 1989Raise$0.0269 → $0.0310+15.4%
Every TT payment →Download every raise and cut (CSV)
TT ex-dividend date & scheduleNext ex-date Dec 4, 2026 · full ex-dividend historyView →TT dividend historyEvery payment, totals by year, raises and cutsView →TT dividend calculator100 shares pay $420.00 a year, $105.00 each quarterCalculate →TT total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is TT a good dividend stock?

Yes. Trane Technologies plc (TT) pays a quarterly dividend yielding 1.02% ($4.20/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is TT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TT's fair value is about $296.08 versus a $407.04 share price — so it looks overvalued (-27% vs. fair value).

Is TT's dividend safe?

TT has a dividend-safety grade of A (90/100), based on its payout coverage, free-cash-flow, 15-year growth streak, a dividend cut in 2009, debt and yield-versus-history.

What is TT's fair value?

Our blended fair-value estimate for TT is about $296.08 per share, about 27% below the current $407.04 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TT a buy, hold, or sell?

We don't issue formal ratings, but on the data TT screens as "yes" and overvalued. Trane Technologies plc (TT) pays a quarterly dividend yielding 1.02% ($4.20/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will TT cut its dividend?

TT earns a dividend-safety grade of A (90/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TT pay a dividend?

Yes. Trane Technologies plc pays a quarterly dividend of about $4.20 per share annually, a forward yield of roughly 1.02%.

How much dividend does 100 shares of TT pay?

At $4.20 per share a year, 100 shares of TT pay $420.00 a year in dividends before tax, about $105.00 each quarter. Buying them costs about $40,704 at the Nov 5, 2026 price.

What is TT's dividend yield?

As of Nov 5, 2026, TT's forward dividend yield is 1.02%, based on a $4.20 annual dividend and a $407.04 share price.

What is TT's dividend per share?

As of Nov 5, 2026, TT pays $4.20 per share per year, distributed on a quarterly basis.

What is TT's dividend payout ratio?

As of Nov 5, 2026, TT's payout ratio is 28% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has TT grown its dividend?

As of Nov 5, 2026, TT has increased its dividend for 15 consecutive years.

When is the next TT ex-dividend date?

As of Nov 5, 2026, the next ex-dividend date on record for TT is Dec 4, 2026.

Income Calculator

At $4.20 / yr per share

Per payment (quarterly)$105.00
Annual$420.00
Monthly avg$35.00
Full TT dividend calculator →

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