Terex Corporation (TEX) will raise its quarterly dividend by 14.3 percent to $0.08 per share in the first quarter of 2017. The dividend will be paid on March 20, 2017 to shareholders of record as of March 10, 2017. 

John L. Garrison, Terex President and Chief Executive Officer, stated, “Today’s new $350 million share repurchase authorization and dividend increase are consistent with our disciplined capital allocation strategy that, combined with our Focus, Simplify and Execute To Win strategy, will create long term value for our shareholders.”

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.