ABM Industries (ABM) will raise its quarterly dividend by 2.9 percent to $0.18 per share in the first quarter of 2019. This will mark the company's 52nd consecutive year of annual dividend increases.

The increased dividend is payable on February 4, 2019 to stockholders of record on January 3, 2019. A new annualized dividend rate of 72 cents per share yields 2.7% at a stock price of $27.06.

ABM Industries is a provider of facility solutions throughout the United States and various international locations. The company provides janitorial, electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, landscape & turf, mission critical solutions and parking, provided through stand-alone or integrated solutions. ABM provides its custom facility solutions in urban, suburban and rural areas to properties of all sizes - from schools and commercial buildings to hospitals, data centers, manufacturing plants and airports. The company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other.  ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909.