Parker Declares Quarterly Cash Dividend

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CLEVELAND, October 22, 2008: -- Parker Hannifin Corporation , the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of 25 cents per share of common stock to shareholders of record as of November 20, 2008. The dividend is payable December 5, 2008.

This is the company's 234th consecutive quarterly dividend and comprises a distribution of approximately $40 million. Parker has increased its annual dividends paid to shareholders for 52 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 Index.

With annual sales exceeding $12 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 62,000 people in 48 countries around the world. Parker has increased its annual dividends paid to shareholders for 52 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at PARKER, or its investor information site at PHSTOCK .