Oshkosh hikes dividend by 12.1%
Oshkosh Corp will raise its quarterly dividend by 12.1 percent to 37 cents per share in 2021. This follows a dividend hike of 10 percent by the truck maker in 2020 and will mark 8 straight years of dividend increases.
The next OSK dividend will be will be payable on November 29, 2021 to shareholders of record as of November 15, 2021. A new annual dividend rate of $1.48 per share yields 1.4% at a stock price of $104.
Oshkosh Corporation is a manufacturer of access equipment, specialty vehicles and truck bodies for the primary markets of access equipment, defense, fire & emergency and municipal, refuse hauling, concrete placement as well as airport services.Oshkosh products are sold worldwide under the brands of JLG, Pierce, Oshkosh Defense, McNeilus, IMT, Jerr-Dan, Frontline, Oshkosh Airport Products, CON-E-CO and London. The company has manufacturing operations in seven U.S. states and in Australia, Canada, China, France, Mexico, Romania and the United Kingdom. Oshkosh began business in 1917 as an early pioneer of four wheel drive technology. The company suspended its dividend in 2009 and restarted quarterly dividend payments in 2013.