As previously announced on March 30, 2009, Ingersoll Rand's Board of Directors authorized a reduction in the quarterly dividend to $0.07 per share from $0.18 per share, effective with the September 2009 dividend payment.

"We recognize the importance of the dividend to our shareowners," said Herbert L. Henkel, chairman and chief executive officer. "However, the reduced payment will enhance liquidity and our ability to pay down debt in the short term and make investments for our future growth."

Ingersoll Rand (NYSE:IR) has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910.

Ingersoll Rand is a global diversified industrial firm providing products, services and solutions to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and enhance industrial productivity and efficiency. Driven by a 100-year-old tradition of technological innovation, we enable companies and their customers to create progress. For more information, visit www.ingersollrand.com.

A service of YellowBrix, Inc.