Allegion’s Board Raises Quarterly Dividend by 13% | Company & Finance

DUBLIN–(Small business WIRE)–Feb 5, 2021–

Allegion plc (NYSE: ALLE), a main worldwide supplier of protection products and remedies, right now announced that its board of directors declared a quarterly dividend of $.36 per everyday share of the organization – representing a 13-percent maximize from 2020 and the company’s seventh consecutive year of once-a-year improve in dividends.

“Allegion stays fully commited to driving shareholder price, and our board supports our strategy to return income to shareholders with an once-a-year amount of dividend enhance over our annual earnings expansion rate,” stated David D. Petratis, Allegion chairman, president and CEO. “This most recent dividend boost conveys our self esteem in the company’s economical hard cash movement technology. It also demonstrates the continued execution of a flexible and balanced funds allocation approach.”

The dividend is payable on March 31, 2021, to shareholders of record on March 17, 2021.

Allegion (NYSE: ALLE) is a global pioneer in seamless entry, with top brands like CISA ®, Interflex ®, LCN ®, Schlage ®, SimonsVoss ® and Von Duprin ®. Concentrating on security all around the doorway and adjacent areas, Allegion secures folks and property with a assortment of solutions for households, firms, colleges and establishments. Allegion experienced $2.9 billion in profits in 2019 and sells products in nearly 130 countries.

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PUB: 02/05/2021 05:00 PM/DISC: 02/05/2021 05:01 PM

Copyright Organization Wire 2021.