MILWAUKEE (WTAQ) - A Milwaukee-based company raised its quarterly stock dividend by 11 percent Wednesday.
Rockwell Automation said it would pay an additional 52 cents a share on June 10th. It will be given to stockholders on record as of May 13th.
Rockwell CEO Keith Nosbusch said the higher dividend reflects, “our continued confidence in Rockwell Automation’s sustainable cash generation, and commitment to appropriately return cash to shareowners.”
With the increase, Nosbusch said Rockwell’s dividends will have risen by 80 percent over the last four years.
Rockwell makes industrial automation systems. It employs about 22,000 people, with customers in over 80 countries.