Rockwell Automation (ROK)

[Investorman]

Rockwell Automation raises dividend by 21 percent

Rockwell Automation sets quarterly dividend at 42.5 cents per share, up 21 percent

On Thursday June 2, 2011, 6:33 pm EDT

MILWAUKEE (AP) -- Rockwell Automation Inc., which makes industrial power and motion control products for the food and beverage, transportation and energy industries, said Thursday that it has raised its quarterly dividend by 21 percent to 42.5 cents per share, for an annual payout of $1.70.

The company cited its solid financial position and confidence in its prospects for continued strong cash flow. The next quarterly dividend will be paid Sept. 12 to shareholders as of Aug. 15.