Oshkosh Corp will raise its quarterly dividend by 11.1 percent to $0.30 per share in 2019. This follows a 12.5 percent dividend increase by the specialty vehicles maker last year.

The next dividend will be payable on December 2, 2019, to shareholders of record as of November 18, 2019. A new annual dividend rate of $1.20 per share yields 1.3% at a stock price of $89.26.

Oshkosh Corporation is a manufacturer of access equipment, specialty vehicles and truck bodies for the primary markets of access equipment, defense, fire & emergency and municipal, refuse hauling, concrete placement as well as airport services.Oshkosh products are sold worldwide under the brands of JLG, Pierce, Oshkosh Defense, McNeilus, IMT, Jerr-Dan, Frontline, Oshkosh Airport Products, CON-E-CO and London. The company has manufacturing operations in seven U.S. states and in Australia, Canada, China, France, Mexico, Romania and the United Kingdom. Oshkosh  began business in 1917 as an early pioneer of four wheel drive technology. The company suspended its dividend in 2009 and restarted quarterly dividend payments in 2013.