ITT Inc. (ITT) will raise its quarterly dividend by 20 percent to 26.4 cents per share in 2022. This follows a dividend hike of 30.2 percent to 22 cents per share in 2021 and marks the 10th consecutive year of annual dividend increases by the company.

The next ITT dividend will be payable on April 4, 2022, to shareholders of record as of the close of business on March 9, 2022. A new annual dividend of $1.06 per share yields 1.4% at a stock price of $74.40. The next ex-dividend date for ITT stock is March 8, 2022.

ITT is a diversified manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. The company manufactures components that are integral to the operation of systems and manufacturing processes in these markets. ITT's 3 segments are: Motion Technologies (MT), Industrial Process (IP), and Connect & Control Technologies (CCT). MT produces friction and shock and vibration equipment; IP delivers industrial flow equipment and services; and CCT produces electronic connectors, fluid handling, motion control, and noise and energy absorption products. The company's key brands include ITT Friction Technologies, Axtone, KONI, Wolverine Advanced Materials, Goulds Pumps, PRO Services, Bornemann, C'treat, Engineered Valves, i-Alert, Cannon, Aerospace Controls, VEAM, Enidine, Conoflow, BIW Connector Systems, Compact Automation and Neo-Dyn Process Controls. The original International Telephone & Telegraph was created in 1920 by two brothers named Sosthenes and Hernand Behn who set out to build the first worldwide system of interconnected telephone lines.