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Rockwell Automation Raises Dividend

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Rockwell Automation (NYSE: ROK  ) is set to boost its payout for shareholders. The engineering company will distribute a dividend of $0.52 per share of its common stock on June 10 to shareholders of record as of May 13. That amount is 11% higher than the company's previous disbursement of $0.47, which was handed out in each of the past three quarters.

After keeping its dividend consistent and level from late 2006 to mid-2010, Rockwell Automation has recently gotten into the habit of raising that payout roughly once per year.

The new dividend annualizes to $2.08 per share. That yields 2.5% at Rockwell Automation's current stock price of $84.59.


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Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

9/1/2015 4:03 PM
ROK $107.55 Down -4.28 +0.00%
Rockwell Automatio… CAPS Rating: *****