Oshkosh Corporation (OSK) will raise its quarterly dividend by 13.3 percent to $0.17 per share in Q4 of 2014. This marks the first dividend hike since the specialty vehicle maker restarted its dividend last year.

The increased dividend will be paid on December 2, 2014 to shareholders of record on November 18, 2014. The ex-date for this next dividend of 17 cents is November 14.

Oshkosh Corporation is a manufacturer of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies. The company's brands include Oshkosh, JLG, Pierce, McNeilus, Jerr-Dan, Frontline, CON-E-CO, London and IMT. Founded in 1917, Oshkosh Corporation has manufacturing operations in seven U.S. states and in Australia, Canada, China, France, Mexico, Romania and the United Kingdom.