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Oshkosh Corporation (OSK) will raise its quarterly dividend by 10.5 percent to $0.21 per share in the fourth quarter of 2016.

The new dividend will be payable on December 1, 2016, to shareholders of record as of November 17, 2016. Oshkosh currently has a 1.6% dividend yield.

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.