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Trane Technologies Authorizes $2 Billion Share Buyback, Raises Dividend

· 02/05/2021 00:17

05:09 AM EST, 02/05/2021 (MT Newswires) -- Trane Technologies (TT) said Thursday its board approved a quarterly dividend of $0.59 per ordinary share, or $2.36 annualized, an 11% increase from the prior dividend.

The dividend is payable March 31, to shareholders of record on March 5.

The board also authorized a new share repurchase program of up to $2 billion, which will start upon the completion of the company's current $1.5 billion program.