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Parker Hannifin Declares Dividend

28 October 1998

Parker Hannifin Declares Dividend

    CLEVELAND--Oct. 28, 1998--The Board of Directors of Parker Hannifin Corporation today declared a regular quarterly cash dividend of $0.15 per share of common stock payable December 4, 1998, to shareowners of record as of November 19.
    This is Parker's 194th consecutive quarterly dividend and involves a distribution of $16.3 million. Parker has increased its dividend for 42 consecutive fiscal years.
    Parker is a $4.6 billion worldwide leader in the production of motion, control, instrumentation and fluid flow components and systems for hundreds of industrial and aerospace markets. For more information about Parker, visit the Company's Web site at www.parker.com.