Parker Hannifin

Parker Hannifin is a global leader in motion and control technologies, supplying hydraulics, pneumatics, filtration and aerospace components to a vast range of industrial and defense customers. Its breadth across thousands of products and end markets gives it a diversified, deeply embedded position in the machinery that keeps factories and aircraft running. Parker Hannifin has increased its dividend every year for more than three decades, a record that ranks among the most durable in American industry. The yield is low because the shares trade at a premium and much of the return comes through growth, but the payout is comfortably covered and reliably raised. Its strong score reflects an exceptionally consistent dividend grower backed by a resilient, well-diversified franchise.