DUBLIN–(Company WIRE)–Feb 5, 2021–
Allegion plc (NYSE: ALLE), a major world provider of stability solutions and alternatives, currently introduced that its board of administrators declared a quarterly dividend of $.36 for every standard share of the company – symbolizing a 13-per cent boost from 2020 and the company’s seventh consecutive year of annual increase in dividends.
“Allegion continues to be fully commited to driving shareholder price, and our board supports our program to return funds to shareholders with an annual charge of dividend increase above our once-a-year earnings expansion rate,” mentioned David D. Petratis, Allegion chairman, president and CEO. “This latest dividend improve conveys our self-confidence in the company’s effective funds movement generation. It also demonstrates the continued execution of a flexible and balanced cash allocation technique.”
The dividend is payable on March 31, 2021, to shareholders of file on March 17, 2021.
Allegion (NYSE: ALLE) is a worldwide pioneer in seamless obtain, with major brand names like CISA ®, Interflex ®, LCN ®, Schlage ®, SimonsVoss ® and Von Duprin ®. Concentrating on stability around the doorway and adjacent parts, Allegion secures folks and property with a variety of answers for properties, companies, faculties and institutions. Allegion had $2.9 billion in revenue in 2019 and sells products and solutions in almost 130 countries.
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PUB: 02/05/2021 05:00 PM/DISC: 02/05/2021 05:01 PM
Copyright Business Wire 2021.
