Terex (TEX) will raise its quarterly dividend by 20.0 percent to $0.06 per share in 2015. This is the first dividend increase by the company since a quarterly dividend was initiated in 2013.

Terex Corporation is a manufacturer of lifting and material processing products and services. The company reports in three business segments: Aerial Work Platforms, Cranes, and Materials Processing. Terex provides solutions to a broad range of industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. Also the company offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services.