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Trane Technologies (TT) Dividend Yield, Date & History

Trane Technologies logo
$398.37 -0.99 (-0.25%)
(As of 12/16/2024 ET)

Trane Technologies Dividend Summary

Dividend Yield
0.84%
Annual Dividend
$3.36
Next
Dividend Payment
Dec. 31
Annualized 3-Year
Dividend Growth
12.27%
Dividend Payout Ratio
31.17%

Trane Technologies (TT) pays an annual dividend of $3.36 per share, with a dividend yield of 0.84%. The next quarterly payment of $0.84 per share is scheduled for Tuesday, December 31, to investors who owned the stock before the ex-dividend date of Friday, December 6. The company currently pays out 31.17% of its earnings and 31.57% of its cash flow as dividends.

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TT Dividend Payments by Quarter

The chart below displays up to four years of Trane Technologies' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

TT Dividend Yield Over Time

The chart below tracks Trane Technologies' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Trane Technologies vs. The Competition

Compare Trane Technologies' annual dividend, yield, and 3-year growth rate with averages for Construction and NYSE companies to evaluate its performance against the market.

TypeTrane TechnologiesConstruction CompaniesNYSE Companies
Annual Dividend$3.36$0.01$1.46
Dividend Yield0.84%1.86%3.50%
Annualized 3-Year Dividend Growth12.27%20.40%15.58%

Trane Technologies Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings31.17%
Based on This Year's Estimate30.19%
Based on Next Year's Estimate26.27%
Based on Cashflow31.57%

Trane Technologies Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/9/2024quarterly$0.84 - 0.85%12/6/202412/6/202412/31/2024
6/7/2024quarterly$0.84 - 1%9/6/20249/6/20249/30/2024
4/4/2024Quarterly$0.84 - 1.13%6/7/20246/7/20246/28/2024
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2/7/2024Quarterly$0.84+$0.09
12.00%
1.23%2/29/20243/1/20243/29/2024
10/4/2023Quarterly$0.75 - 1.5%11/30/202312/1/202312/29/2023
6/2/2023quarterly$0.75 - 1.7%8/31/20239/1/20239/29/2023
4/6/2023Quarterly$0.75 - 1.76%6/1/20236/2/20236/30/2023
2/9/2023Quarterly$0.75+$0.08
11.94%
1.65%3/2/20233/3/20233/31/2023

This table shows Trane Technologies' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Trane Technologies Dividend - Frequently Asked Questions

The current dividend yield for Trane Technologies is 0.84%. Learn more on TT's dividend yield history.

The annual dividend for TT shares is $3.36. Learn more on TT's annual dividend history.

Trane Technologies pays quarterly dividends to shareholders.

Trane Technologies's next quarterly dividend payment of $0.84 per share will be made to shareholders on Tuesday, December 31, 2024.

Trane Technologies's most recent quarterly dividend payment of $0.84 per share was made to shareholders on Monday, September 30, 2024.

Trane Technologies's most recent ex-dividend date was Friday, December 6, 2024.

Over the past three years, the company's dividend has grown by an average of 12.27% per year.

The most recent change in the company's dividend was an increase of $0.09 on Wednesday, February 7, 2024.

The dividend payout ratio for TT is:
  • 31.17% based on the trailing year of earnings
  • 30.19% based on this year's estimates
  • 26.27% based on next year's estimates
  • 31.57% based on cash flow

Trane Technologies' dividend yield of 0.85% is lower than the average Construction company that issues a dividend. Trane Technologies' dividend payout ratio of 31.17% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Trane Technologies stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:TT) was last updated on 12/17/2024 by MarketBeat.com Staff
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