Roper Technologies (ROP) will raise its quarterly dividend by 17.9 percent to $0.4125 per share in the first quarter of 2018. This marks the 25th consecutive year of dividend increases for ROP. Roper last announced a dividend increase in November 2016, when the Board raised the dividend from $0.30 to $0.35 per share.
The increased dividend is payable on January 23, 2018 to stockholders of record as of January 9, 2018. The new dividend yield for ROP is 0.6%.
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.