Donaldson (DCI) Rewards Shareholders With 8% Dividend Hike

Some other top-ranked stocks from the same space are discussed below. The move underscores DCI's sound financial health as it utilizes free cash flow to enhance its shareholders' returns. This marks Donaldson's 28th consecutive year of annual dividend increase. It has been paying dividends every quarter for the last 68 years. Prior to this, it had hiked its dividend by 8.7% to 25 cents per share in May 2023. Strong cash flows allow Donaldson to effectively deploy capital for making acquisitions, repurchasin ...