Rockwell Automation, Inc. (ROK) will raise its quarterly dividend by 4.7 percent to $1.12 per share in 2021. This follows a dividend hike of 4.9 percent to $1.07 per share in 2020 and also marks the 12th consecutive year of dividend increases by the industrial company.

The next ROK quarterly dividend of $1.12 per share is payable December 10, 2021 to shareowners of record at the close of business on November 15, 2021. A new annualized rate of $4.48 per share yields 1.4% at a stock price of $319.40. 

Rockwell Automation, Inc. is a provider of industrial automation power, control and information solutions for manufacturers. The company’s  segments are Architecture & Software and Control Products & Solutions. Rockwell’s Allen-Bradley brand provides automation components and integrated control systems. The company’s Rockwell Software brand provides information, visualization and control software. Other brands include ACP, Anorad, Guardmaster, Hengsheng, Hinz, Hiprom, ICS Triplex, Lektronix, MagneMotion, Maverick Technologies and Pavilion Technologies.