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Ingersoll-Rand hikes quarterly dividend by 18%

Ireland-based diversified industrial manufacturer Ingersoll-Rand PLC declared a quarterly dividend of 53 U.S. cents per ordinary share, representing an 18% increase.

The dividend is payable on Sept. 28 to shareholders on record Sept. 7. The company's annual dividend rate amounted to $2.12 per share, up from $1.80 per share.