To: Triffin who wrote (13947 ) 4/25/2013 8:35:52 AM From: Triffin Read Replies (1) | Respond to of 34328 PH boosts dividend payout by 5% ===== CLEVELAND, April 25, 2013 /PRNewswire/ -- Parker Hannifin Corporation ( PH ), the global leader in motion and control technologies, today reported results for the fiscal 2013 third quarter ended March 31, 2013 and announced a 5 percent increase in its quarterly cash dividend. Fiscal 2013 third quarter sales were $3.30 billion compared with $3.39 billion in the prior year quarter. Acquisitions contributed 4 percent which was offset by a 6 percent reduction in organic sales. Net income was $256.6 million in the current quarter compared with $312.7 million in the third quarter of fiscal 2012. Fiscal 2013 third quarter earnings per diluted share were $1.68 compared with $2.01 in the prior year quarter. Cash flow from operations for the first nine months of fiscal 2013 was $718.8 million, or 7.5 percent of sales, compared with $1,006.5 million, or 10.3 percent of sales for the first nine months of fiscal 2012. Cash flow from operations for the first nine months of fiscal 2013 included a $225.6 million discretionary contribution to the company's pension plan. Excluding this contribution, cash flow from operations as a percent of sales was 9.9 percent for the first nine months of fiscal 2013. The Board of Directors increased the company's regular quarterly cash dividend to 45 cents per share of common stock and declared a dividend payable June 7, 2013 to shareholders of record as of May 10, 2013. This represents a 5 percent increase over the previous quarterly dividend of 43 cents per common share and is the second consecutive increase this year. This is the company's 252nd consecutive quarterly dividend, resulting in a total distribution to shareholders of approximately $67 million. ===== Triff