Rockwell Automation Raises Dividend

Rockwell Automation 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.

The article Rockwell Automation Raises Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Rockwell Automation. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.