Donaldson Company Increases Quarterly Cash Dividend; Announces Two-for-One Stock Split

Donaldson Company, Inc. DCI, announced today that its Board of Directors has increased the common stock cash dividend by 7 percent and authorized a two-for-one split of the Company's common stock. The Board declared a regular cash dividend of 16 cents per share, payable March 9^th to shareholders of record as of February 17^th. As of December 31^st, there were approximately 74,300,000 shares outstanding. The current declaration is the 226^th consecutive quarterly cash dividend paid by Donaldson over a time span of 56 years. The Board also declared a two-for-one stock split effected in the form of a 100 percent stock dividend. The stock dividend will be distributed March 23^rd to shareholders of record as of March 2^nd.