Roper Technologies (ROP) will raise its quarterly dividend by 12.1 percent to $0.4625 per share in the fourth quarter of 2018. This marks the 26th consecutive year of higher dividend payments by this Dividend Aristocrat.

The increased dividend is payable on January 23, 2019 to stockholders of record as of January 9, 2019. Last year Roper hiked its dividend by almost 18 percent to 41.25 cents quarterly per share.

A new annualized dividend of $1.85 per share yields 0.6% to shareholders at a stock price of $287.98.

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.