Allegion Board Increases Quarterly Dividend by 29%

Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, today announced that its board of directors declared a quarterly dividend of $0.27 per ordinary share of the company, an increase of 29 percent.

Our action reflects Allegions continued commitment to drive sustainable shareholder returns, said David D. Petratis, Allegion chairman, president and CEO. The large increase in the dividend conveys our confidence in the companys long-term cash flow prospects. In addition, this action supports the companys balanced capital allocation strategy, including organic growth investments, accretive acquisitions and shareholder distributions. It also shows the boards support of our plan to return cash to shareholders in the form of dividends above our annual earnings growth rate.

The dividend is payable on March 29, 2019, to shareholders of record on March 15, 2019.

About Allegion

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE
Get Access to Exclusive Reports to Save Time & Money

By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

Allegion (NYSE: ALLE) is a global pioneer in safety and security, with leading brands like CISA, Interflex, LCN, Schlage, SimonsVoss and Von Duprin. Focusing on security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other institutions. Allegion had annual revenues of $2.4 billion in 2017, with products sold in almost 130 countries.

For more, visit www.allegion.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the company’s financial performance, the companys growth strategy, the companys capital allocation strategy, the companys tax planning strategies, and the performance of the markets in which the company operates. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, forecast, outlook, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result or the negative thereof or variations thereon or similar expressions generally intended to identify forward-looking statements. Forward-looking statements are based on the company’s currently available information and our current assumptions, expectations and projections about future events. They are subject to future events, risks and uncertainties – many of which are beyond the companys control – as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Further information on these factors and other risks that may affect the company’s business is included in filings it makes with the Securities and Exchange Commission from time to time, including its Form 10-K for the year ended Dec. 31, 2017, Form 10-Q for the quarters ended March 31, 2018, June 30, 2018, and Sept. 30, 2018, and in its other SEC filings. The company undertakes no obligation to update these forward-looking statements.

Media Contact:
Doshia Stewart – Vice President, Global
Corporate Communications
[email protected]

Analyst Contact:
Mike Wagnes – Vice President, Treasurer and
Investor Relations
317-810-3494
[email protected]