Trane Technologies plc
TTIndustrials · Stock · quarterly payer
Forward Yield
0.89%
Annual Dividend
$4.20
Payout Ratio
30%
5-Yr Growth
12.1%
Ex-Date
Sep 4, 2026
Frequency
Quarterly
Summary
As of July 2026, Trane Technologies plc (TT) yields 0.89% ($4.20 per share annually), with a blended fair-value estimate of $319.66 — -32% downside, so it screens as overvalued. Dividend safety grade: A (89/100). 15 years of dividend growth.
Is TT a good dividend stock?
YesTrane Technologies plc (TT) pays a quarterly dividend yielding 0.89% ($4.20/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Comfortable payout ratio (30%)
- Strong 12.1% 5-yr dividend growth
- 137% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 0.89%
- Payout Ratio
- 30%
- Annual Dividend
- $4.20
- 5-Yr Avg Growth
- 12.1%
- Ex-Dividend Date
- Sep 4, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 1.20
- Market Cap
- $103.5B
- P/E Ratio
- 35.8
- 5-Yr Total Return
- 137%
- 52-Week Range
- $348.06 – $505.87
- Dividend Safety
- A · 89/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
TT Price — Last 12 Months
Daily close
Price Return
1 Year
+13%
3 Years
+129%
5 Years
+137%
52-Week Range
$348.06 – $505.87
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TT worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Trane Technologies plc is $319.66 per share, versus a market price of $469.98. That implies 32% of downside.
Fair Value
$319.66
Current Price
$469.98
Downside
-32%
Margin of Safety
-47%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 15.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.3% discount rate (CAPM), 15.2% stage-1 growth, 2.5% terminal growth, $13.11 EPS, $4.20 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TT Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 5, 2026 | — | $1.0500 | regular |
| Mar 6, 2026 | — | $1.0500 | regular |
| Sep 5, 2025 | — | $0.9400 | regular |
| Jun 6, 2025 | — | $0.9400 | regular |
| Mar 7, 2025 | — | $0.9400 | regular |
| Dec 6, 2024 | — | $0.8400 | regular |
| Sep 6, 2024 | — | $0.8400 | regular |
| Jun 7, 2024 | — | $0.8400 | regular |
| Feb 29, 2024 | — | $0.8400 | regular |
| Nov 30, 2023 | — | $0.7500 | regular |
| Aug 31, 2023 | — | $0.7500 | regular |
| Jun 1, 2023 | — | $0.7500 | regular |
| Mar 2, 2023 | — | $0.7500 | regular |
| Dec 1, 2022 | — | $0.6700 | regular |
Income Calculator
At $4.20 / yr per share
