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Ingersoll Rand Enhances Comprehensive Capital Allocation Strategy Anchored by M & A ; Plans to Initiate Dividend and Authorizes New Share Repurchase Program September 1 , 2021 Hosting Capital Allocation Strategy Conference Call on Thursday , September 2 , 2021 DAVIDSON , N.C .-- ( BUSINESS WIRE ) -- Ingersoll Rand Inc. ( NYSE : IR ) , a global provider of mission - critical flow creation and industrial solutions , announced today a comprehensive M & A focused capital allocation strategy designed to drive long - term value creation and compound stockholder returns . With the demonstrated ability to generate free cash flow and nearly $ 2 billion in proceeds from recent divestitures , the company is focused on deploying capital to continue its transformation to a high growth and margin portfolio powered primarily through organic investments and an M & A focused capital allocation strategy . Sustained investments in organic growth drivers - such as talent , new product development , aftermarket , demand generation , digitization and sustainability – will remain foundational to extending the company's competitive advantages and executing on the company's strategy . Complementing these organic growth investments is the newly enhanced Ingersoll Rand capital allocation framework that includes : Strategic M & A : M & A remains the focal point of the Ingersoll Rand capital allocation framework . The company has a strong record of executing bolt - on acquisitions that deliver outsized market performance with meaningful synergy realization . Supported by Ingersoll Rand Execution Excellence ( IRX ) , Ingersoll Rand will continue to execute against a robust M & A funnel of strategic , growth - oriented opportunities . Dividend Program : With a focus on delivering more compelling long - term stockholder returns , the Ingersoll Rand Board of Directors approved the initiation of a $ 0.02 per share quarterly dividend program . Quarterly declarations of dividends are subject to Board approval and Ingersoll Rand expects to commence the dividend program in fourth quarter 2021 .