U.S. industrial conglomerate Ingersoll-Rand plc increased its quarterly dividend by 71 percent and authorized a new $2 billion share buyback program. The company said it will pay a quarterly dividend of 12 cents per share, up from its current payout of 7 cents. In February, the maker of cooling systems, security technology and industrial compressors, reported lower-than-expected quarterly earnings and issued a weak profit forecast. [ID:nN08287070] (Reporting by A. Ananthalakshmi; Editing by Gopakumar Warrier)
Source
