Roper Technologies increases dividend for 27th straight year

Dividend Aristocrat Roper Technologies (ticker ROP) will increase its quarterly dividend by almost 11 percent to 51.25 cents per share quarterly.

This marks the 27th consecutive year of annual dividend increases by the industrial company.

The next dividend is payable on January 23, 2020 to stockholders of record as of January 9, 2020. This represents an increase of 11% over the dividend paid in each quarter of 2019, or an expected $0.20 increase on an annual basis ($0.05 on a quarterly basis).  This is the twenty-seventh consecutive year in which Roper has increased its dividend.

At a stock price of $345 Roper yields about 0.6%. Year-to-date the stock has gained 30 percent.

Roper Technologies is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets. 

Popular posts from this blog

Two dividend growth monsters that nobody knows about (yet)!