Exhibit 99.1
FOR IMMEDIATE RELEASE:
Wednesday, February 24, 2010 | FOR FURTHER INFORMATION:
Rich Sheffer (952) 887-3753 |
DONALDSON COMPANY INCREASES QUARTERLY DIVIDEND 4 PERCENT
MINNEAPOLIS, February 24, 2010-- Donaldson Company, Inc. (NYSE: DCI), announced today that its Board of Directors has increased the quarterly common stock cash dividend by 4 percent, marking the 24th consecutive year of dividend increases.
The Board declared a regular cash dividend of 12 cents per share, payable March 19th to shareholders of record as of March 5th. As of January 31st, there were approximately 77,200,000 shares outstanding. The current declaration is the 218th consecutive quarterly cash dividend paid by Donaldson over a time span of 54 years.
About Donaldson Company, Inc.
Donaldson is a leading worldwide provider of filtration systems that improve people’s lives, enhance our Customers’ equipment performance, and protect our environment. We are a technology-driven company committed to satisfying our Customers’ needs for filtration solutions through innovative research and development, application expertise, and global presence. Our employees contribute to the Company’s success by supporting our Customers at our more than 100 sales, manufacturing, and distribution locations around the world.
Donaldson is a member of the S&P MidCap 400 and Russell 1000 indices, and our shares trade on the NYSE under the symbol DCI. Additional information is available atwww.donaldson.com.
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