ABM Industries Incorporated (ABM) will raise its quarterly dividend by 2.7 percent to 19 cents per share in 2021. Last year the company announced a 2.8 percent hike to $0.185 per share quarterly. ABM has now raised its dividend 54 consecutive years.

The next dividend is payable on February 1, 2021 to stockholders of record on January 7, 2021. A new annual dividend rate of 76 cents per share yields 1.9% at a stock price of $40.34.

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.