Rockwell (ROK) Raises Qtr. Dividend 10.6% to $0.47, 2.7% Yield; Adds $1B to Buyback Plan

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Rockwell Automation Corp. (NYSE: ROK) declared a quarterly dividend of $0.47 per share, or $1.88 annualized. This is a 10.6% increase from the prior dividend of $0.425.

The dividend will be payable on September 10, 2012, to stockholders of record on August 13, 2012, with an ex-dividend date of August 9, 2012.

The annual yield on the dividend is 2.7 percent.

The company also announced it has authorized the extension of its current buyback program by an additional $1 billion in shares.

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