Rockwell Automation (ROK) Raises Quarterly Dividend 5.4% to $0.97; 2.3% Yield

Rockwell Automation (NYSE: ROK) declared a quarterly dividend of $0.97 per share, or $3.88 annualized. This is a 5.4% increase from the prior dividend of $0.92. The dividend will be payable on December 10, 2018, to stockholders of record on November 12, 2018, with an ex-dividend date of November 8, 2018. The annual yield on the dividend is 2.3 percent.

“Our Connected Enterprise strategy generates strong, sustainable cash flow,” said Blake Moret, Rockwell Automation chairman and CEO. “Over the last five fiscal years, we have returned over $5 billion of our free cash flow to shareowners through dividends and share repurchases.

“The 5 percent increase reflects our confidence in Rockwell Automation’s ability to generate cash throughout the cycle and our commitment to returning cash to shareowners while investing in the business. Since 2010, Rockwell Automation has increased its dividend by an average of 14 percent per year,” said Moret.

For a dividend history and other dividend-related data on Rockwell Automation (ROK) click here.

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