Rockwell Automation (ROK) Declares $0.58 Quarterly Dividend; Boosts Buyback by $1B

Rockwell Automation Corp. (NYSE: ROK) declared a quarterly dividend of $0.58 per share, or $2.32 annualized.

The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK) today authorized the company to expend up to an additional $1 billion to repurchase shares of Rockwell Automation common stock. This is in addition to the authorization on June 8, 2012 to repurchase $1 billion worth of common stock, of which approximately $223 million was remaining as of June 3, 2014.

The dividend will be payable on September 10, 2014, to stockholders of record on August 11, 2014, with an ex-dividend date of August 7, 2014.

The annual yield on the dividend is 1.9 percent.

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

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