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Data last updated: Nov 12, 2026
Snapshot (as of Nov 12, 2026): Trane Technologies plc (TT) pays a $4.09 annual dividend ($1.05 quarterly), yielding 0.99% at $424.84/share. Next ex-dividend date 2026-12-04. 15 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.99%
Annual Dividend: $4.09 per share
Payout Ratio: 28.4%
Ex-Dividend Date: 2026-12-04
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 44
Trane Technologies plc dividend investors are buying into one of the world's largest HVAC and transport refrigeration businesses, spanning everything from commercial chillers to truck refrigeration systems. The current yield is 0.88%, with trailing twelve-month payments of $3.98 per share paid quarterly. The next ex-dividend date is December 4, 2026, with the last declared payment of $1.05 per share. At a beta of 1.157, TT stock carries slightly more price volatility than the broader market, making it a better fit for growth-oriented dividend investors than pure income seekers.
Trane Technologies plc pays out 29.7% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain and grow the dividend even if earnings face pressure, and TT's broad product base, spanning HVAC systems, transport refrigeration, and aftermarket parts and services, supports recurring demand across multiple end markets. Trane Technologies plc dividend safety benefits from this diversification, though the stock's beta of 1.157 means earnings can move with broader economic cycles, which is the most data-supported pressure point for the payout.
Trane Technologies plc dividend history shows a CAGR of 20.8% per year from 2011 to 2025. Per-share payments grew from $0.2666 to $3.76 over that window (2026 data is partial and excluded from the CAGR calculation). The smallest annual increase in the window was 8.2% in 2019, which still outpaces most dividend payers in the industrials sector. Even at the floor, growth was meaningful.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +11.9% | $2.68 (2022) | $3.76 (2025) |
| 5-Year | +12.1% | $2.12 (2020) | $3.76 (2025) |
| 10-Year | +15.4% | $0.90 (2015) | $3.76 (2025) |
TT stock fits growth-and-income investors who prioritize dividend growth over current yield. The yield is low (below 2%), currently at 0.88% and below its own 5-year average of 1.1%, so this is not a stock for investors who need immediate income. What TT delivers instead is a 20.8% annualized dividend growth rate over 14 years, backed by a 29.7% payout ratio that leaves the company room to keep raising. The trade-off is straightforward: an investor accepts a thin starting yield in exchange for a dividend that has more than tripled over the past decade. Fifteen consecutive years of increases reinforce that pattern.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-04 | $1.0500 |
| 2026-06-05 | $1.0500 |
| 2026-03-06 | $1.0500 |
| 2025-12-05 | $0.9400 |
| 2025-09-05 | $0.9400 |
| 2025-06-06 | $0.9400 |
| 2025-03-07 | $0.9400 |
| 2024-12-06 | $0.8400 |
| 2024-09-06 | $0.8400 |
| 2024-06-07 | $0.8400 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.1500 |
| 2025 | $3.7600 |
| 2024 | $3.3600 |
| 2023 | $3.0000 |
| 2022 | $2.6800 |
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