By Colin Kellaher
Trane Technologies’ board had raised the quarterly dividend by 12%, to 84 cents from 75 cents.
The new payout, equal to $3.36 a year, represents an annual yield of about 1.24% based on Tuesday’s closing price of $270.23, up from 1.11%.
The Ireland-based maker of heating, ventilation and air-conditioning products said the increased dividend is payable March 29 to shareholders of record March 1.
Write to Colin Kellaher at [email protected]
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