Trane Technologies (TT) Dividend History & Yield
Dividend ContenderTrane Technologies (TT) has increased its dividend for 16 consecutive years and currently yields 0.86%. The most recent dividend was $1.0500/share on Mar 31, 2026, paid Quarterly.
Current Yield
0.86%
TTM Dividend/Share
$3.87
Payment Frequency
Quarterly
Payout Ratio
29.9%
Consecutive Growth Years
16 (Dividend Contender)
Div Growth (1Y CAGR)
11.90%
Div Growth (5Y CAGR)
12.14%
Div Growth (10Y CAGR)
15.37%
TT: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
13.0%
FCF payout ratio
7.4%
Net debt / EBITDA
0.8x
Interest coverage
17.44x
ROIC (TTM)
23.8%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 29.9%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($12.57) covers dividend/share ($3.87).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
16 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 7.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (12.1%) exceeds EPS growth (6.6%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 5, 2026
- Payment date
- Jun 30, 2026
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
Ex-date Mar 6, 2026
- Payment date
- Mar 31, 2026
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
Ex-date Dec 5, 2025
- Payment date
- Dec 31, 2025
- Dividend
- $0.9400
- Adj. dividend
- $0.9400
Ex-date Sep 5, 2025
- Payment date
- Sep 30, 2025
- Dividend
- $0.9400
- Adj. dividend
- $0.9400
Ex-date Jun 6, 2025
- Payment date
- Jun 30, 2025
- Dividend
- $0.9400
- Adj. dividend
- $0.9400
Ex-date Mar 7, 2025
- Payment date
- Mar 31, 2025
- Dividend
- $0.9400
- Adj. dividend
- $0.9400
Ex-date Dec 6, 2024
- Payment date
- Dec 31, 2024
- Dividend
- $0.8400
- Adj. dividend
- $0.8400
Ex-date Sep 6, 2024
- Payment date
- Sep 30, 2024
- Dividend
- $0.8400
- Adj. dividend
- $0.8400
Ex-date Jun 7, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $0.8400
- Adj. dividend
- $0.8400
Ex-date Feb 29, 2024
- Payment date
- Mar 29, 2024
- Dividend
- $0.8400
- Adj. dividend
- $0.8400
Ex-date Nov 30, 2023
- Payment date
- Dec 29, 2023
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
Ex-date Aug 31, 2023
- Payment date
- Sep 29, 2023
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 5, 2026 | Jun 30, 2026 | $1.0500 | $1.0500 |
| Mar 6, 2026 | Mar 31, 2026 | $1.0500 | $1.0500 |
| Dec 5, 2025 | Dec 31, 2025 | $0.9400 | $0.9400 |
| Sep 5, 2025 | Sep 30, 2025 | $0.9400 | $0.9400 |
| Jun 6, 2025 | Jun 30, 2025 | $0.9400 | $0.9400 |
| Mar 7, 2025 | Mar 31, 2025 | $0.9400 | $0.9400 |
| Dec 6, 2024 | Dec 31, 2024 | $0.8400 | $0.8400 |
| Sep 6, 2024 | Sep 30, 2024 | $0.8400 | $0.8400 |
| Jun 7, 2024 | Jun 28, 2024 | $0.8400 | $0.8400 |
| Feb 29, 2024 | Mar 29, 2024 | $0.8400 | $0.8400 |
| Nov 30, 2023 | Dec 29, 2023 | $0.7500 | $0.7500 |
| Aug 31, 2023 | Sep 29, 2023 | $0.7500 | $0.7500 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Trane Technologies has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 16 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.7600 | — | — |
| 2025 | $3.3600 | $3.7600 | +11.9% |
| 2024 | $3.0000 | $3.3600 | +12.0% |
| 2023 | $2.6800 | $3.0000 | +11.9% |
| 2022 | $2.3600 | $2.6800 | +13.6% |
| 2021 | $2.1200 | $2.3600 | +11.3% |
| 2020 | $1.6447 | $2.1200 | +28.9% |
| 2019 | $1.5206 | $1.6447 | +8.2% |
| 2018 | $1.3189 | $1.5206 | +15.3% |
| 2017 | $1.0551 | $1.3189 | +25.0% |
| 2016 | $0.8999 | $1.0551 | +17.2% |
| 2015 | $0.7758 | $0.8999 | +16.0% |
| 2014 | $0.5205 | $0.7758 | +49.1% |
| 2013 | $0.3966 | $0.5205 | +31.2% |
| 2012 | $0.2664 | $0.3966 | +48.8% |
| 2011 | $0.1735 | $0.2664 | +53.6% |
| 2010 | $0.3098 | $0.1735 | -44.0% |
| 2009 | $0.4462 | $0.3098 | -30.6% |
| 2008 | $0.4462 | $0.4462 | 0.0% |
| 2007 | $0.4214 | $0.4462 | +5.9% |
| 2006 | $0.3532 | $0.4214 | +19.3% |
| 2005 | $0.2726 | $0.3532 | +29.5% |
| 2004 | $0.2231 | $0.2726 | +22.2% |
| 2003 | $0.2107 | $0.2231 | +5.9% |
| 2002 | $0.2107 | $0.2107 | 0.0% |
| 2001 | $0.2107 | $0.2107 | 0.0% |
| 2000 | $0.1983 | $0.2107 | +6.3% |
| 1999 | $0.1859 | $0.1983 | +6.7% |
| 1998 | $0.1776 | $0.1859 | +4.7% |
| 1997 | $0.1611 | $0.1776 | +10.3% |
| 1996 | $0.1528 | $0.1611 | +5.4% |
| 1995 | $0.1487 | $0.1528 | +2.8% |
| 1994 | $0.1446 | $0.1487 | +2.9% |
| 1993 | $0.1425 | $0.1446 | +1.4% |
| 1992 | $0.1363 | $0.1425 | +4.5% |
| 1991 | $0.1301 | $0.1363 | +4.8% |
| 1990 | $0.1198 | $0.1301 | +8.6% |
| 1989 | $0.1074 | $0.1198 | +11.5% |
| 1988 | $0.1074 | $0.1074 | 0.0% |
| 1987 | $0.1074 | $0.1074 | 0.0% |
| 1986 | $0.1074 | $0.1074 | 0.0% |
| 1985 | $0.1074 | $0.1074 | 0.0% |
| 1984 | $0.1074 | $0.1074 | 0.0% |
| 1983 | — | $0.1074 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Trane Technologies (TT) from the consolidated cash flow statement, in USD as filed.
Latest period
$856.19M
YoY change
+10.5%
5Y CAGR
+10.5%
Peak year (2025)
$837.30M
Latest annual
$837.30M
Cash dividends paid over time for Trane Technologies (TT)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Trane Technologies (TT)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $837.30M | +10.5% | +$79.80M | ||
| 2024 | $757.50M | +10.8% | +$73.80M | ||
| 2023 | $683.70M | +10.2% | +$63.50M | ||
| 2022 | $620.20M | +10.5% | +$59.10M | ||
| 2021 | $561.10M | +10.6% | +$53.80M | ||
| 2020 | $507.30M | -0.5% | -$2.80M | ||
| 2019 | $510.10M | +6.4% | +$30.60M | ||
| 2018 | $479.50M | +11.5% | +$49.40M | ||
| 2017 | $430.10M | +23.4% | +$81.50M | ||
| 2016 | $348.60M | +14.9% | +$45.30M | ||
| 2015 | $303.30M | +14.6% | +$38.60M | ||
| 2014 | $264.70M | +7.8% | +$19.20M | ||
| 2013 | $245.50M | +27.6% | +$53.10M | ||
| 2012 | $192.40M | +40.1% | +$55.10M | ||
| 2011 | $137.30M | +51.4% | +$46.60M | ||
| 2010 | $90.70M | -49.9% | -$90.30M | ||
| 2009 | $181.00M | -15.0% | -$31.90M | ||
| 2008 | $212.90M | +1.5% | +$3.10M | ||
| 2007 | $209.80M | -3.6% | -$7.80M | ||
| 2006 | $217.60M | +13.3% | +$25.50M | ||
| 2005 | $192.10M | +25.9% | +$39.50M | ||
| 2004 | $152.60M | +23.9% | +$29.40M | ||
| 2003 | $123.20M | +7.2% | +$8.30M | ||
| 2002 | $114.90M | +1.6% | +$1.80M | ||
| 2001 | $113.10M | +3.0% | +$3.30M | ||
| 2000 | $109.80M | +4.3% | +$4.50M | ||
| 1999 | $105.30M | +7.1% | +$7.00M | ||
| 1998 | $98.30M | +5.0% | +$4.70M | ||
| 1997 | $93.60M | +11.6% | +$9.70M | ||
| 1996 | $83.90M | +6.9% | +$5.40M | ||
| 1995 | $78.50M | +3.4% | +$2.60M | ||
| 1994 | $75.90M | +3.3% | +$2.40M | ||
| 1993 | $73.50M | — | +$73.50M | ||
| 1992 | $0 | -100.0% | -$68.40M | ||
| 1991 | $68.40M | +2.1% | +$1.40M | ||
| 1990 | $67.00M | -0.3% | -$200,000 | ||
| 1989 | $67.20M | — | — |
In 2025, Trane Technologies (TT) dividends paid totalled $837.30M – grew 10.5% year-over-year.
Trane Technologies dividends paid compound annual growth for the 2020–2025 (5 years) window is +10.5%, sustaining 5 straight years of year-over-year growth.
The highest annual dividends paid of $837.30M was reported in 2025. The lowest in the available history was $0 in 1992.
Trane Technologies (TT) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $2.23B.
Trane Technologies Dividends Paid 2025: $837.30M
Trane Technologies dividends paid in 2025 was $837.30M, grew 10.5% from 2024. This figure represents the highest annual value in the available history.
Trane Technologies Dividends Paid 2024: $757.50M
Trane Technologies dividends paid in 2024 was $757.50M, grew 10.8% from 2023.
Trane Technologies Dividends Paid 2023: $683.70M
Trane Technologies dividends paid in 2023 was $683.70M, grew 10.2% from 2022.
Trane Technologies Dividends Paid 2022: $620.20M
Trane Technologies dividends paid in 2022 was $620.20M, grew 10.5% from 2021.
Trane Technologies Dividends Paid 2021: $561.10M
Trane Technologies dividends paid in 2021 was $561.10M.
See more financial history for Trane Technologies (TT).
Sector peers by dividends paid
Companies in the same sector as Trane Technologies, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| RTX (RTX) | $3.57B | Industrials |
| Union Pacific (UNP) | $3.24B | Industrials |
| Honeywell International (HON) | $2.98B | Industrials |
| Caterpillar (CAT) | $2.75B | Industrials |
| Deere & Company (DE) | $1.72B | Industrials |
| Eaton Corporation (ETN) | $1.63B | Industrials |
| GE Aerospace (GE) | $1.45B | Industrials |
| Boeing (BA) | $0 | Industrials |
Frequently asked questions
Does Trane Technologies pay dividends?
Yes, Trane Technologies (TT) pays quarterly dividends of approximately $3.87 per share annually, yielding 0.86%.
What is Trane Technologies's dividend yield?
Trane Technologies (TT) has a current dividend yield of 0.86%.
Is Trane Technologies's dividend safe?
Trane Technologies (TT) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Trane Technologies increased its dividend?
Trane Technologies (TT) has 16 consecutive years of dividend increases.
What is Trane Technologies's dividend payout ratio?
Trane Technologies (TT) has a dividend payout ratio of 29.9%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Trane Technologies's dividends paid?
Latest reported dividends paid for Trane Technologies (TT) is $856.19M (period ending March 31, 2026).
How has Trane Technologies dividends paid changed year-over-year?
Trane Technologies (TT) dividends paid changed +10.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Trane Technologies dividends paid?
Trane Technologies (TT) dividends paid compound annual growth rate is +10.5% over the most recent 5 years available.
When did Trane Technologies dividends paid hit its highest annual value?
Trane Technologies dividends paid reached its highest annual value of $837.30M in 2025.
What was Trane Technologies dividends paid in 2024?
Trane Technologies (TT) dividends paid in 2024 was $757.50M.
What was Trane Technologies dividends paid in 2025?
Trane Technologies (TT) dividends paid in 2025 was $837.30M.
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