Roper Technologies (ROP) will raise its quarterly dividend by 16.7 percent. The quarterly dividend will be increased from $0.30 to $0.35 per share. The new dividend is payable on January 23, 2017 to stockholders of record as of January 9, 2017.

It’s the 24th consecutive year of dividend increases for Roper, a designer and developer of software and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets. Based on Monday’s $182.04 closing price the new dividend yield is 0.8%.

Roper Technologies, Inc. is a technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. The company's businesses include Medical & Scientific Imaging, RF Technology & Software, Industrial Technology and Energy Systems & Controls. Roper Technologies, Inc. was incorporated in 1981 and has paid a dividend every year since 1992.