Rockwell Automation Declares Quarterly Dividend at $1.25 Per Share on Common Stock

Rhea-AI Summary

Rockwell Automation, Inc. (ROK) has declared a quarterly dividend of $1.25 per share on its outstanding common stock, payable on March 11, 2024. The dividend is for shareowners of record at the close of business on Feb. 20, 2024.

Insights

Financial Analyst

The declaration of a quarterly dividend of $1.25 per share by Rockwell Automation, Inc. represents a significant event for shareholders and potential investors. Dividend declarations are a key indicator of a company's financial health and stability, often reflecting its current profitability and cash flow status. From a financial analysis perspective, the ability to pay consistent dividends could suggest that Rockwell Automation is generating sufficient earnings and maintaining a steady cash reserve, which is reassuring for investors looking for stable returns.

Moreover, the dividend yield, calculated as the annual dividends per share divided by the stock price, is a critical metric for income-focused investors. It is essential to compare this yield to industry standards and historical company performance to gauge attractiveness. Should this dividend rate signify an increase, it may imply a positive outlook from the company's board, potentially leading to increased investor confidence and a positive impact on stock valuation.

Market Research Analyst

Dividend announcements can also serve as a signal to the market regarding a company's priorities and management's confidence in future cash flows. For instance, a stable or increasing dividend might indicate that Rockwell Automation is prioritizing shareholder returns over reinvesting in expansion or acquisitions. This could attract a different investor demographic, such as value investors and those seeking low-volatility income streams.

It is also important to consider the broader economic context. In an environment of rising interest rates or economic uncertainty, reliable dividends become even more attractive as they can provide a hedge against market volatility. The timing and consistency of Rockwell Automation's dividend could thus be seen as a strategic move to maintain a loyal shareholder base in uncertain times.

MILWAUKEE--(BUSINESS WIRE)-- The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK), following its regular review, today declared a quarterly dividend of $1.25 per share on its outstanding common stock, payable March 11, 2024, to shareowners of record at the close of business on Feb. 20, 2024.

About Rockwell Automation

Rockwell Automation Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 29,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240207639094/en/

Aijana Zellner

Head of Investor Relations and Market Strategy

+1 414-382-8510

azellner@rockwellautomation.com

Ed Moreland

Head of Government Affairs and Corporate Communications

+1 571-296-0391

edward.moreland@rockwellautomation.com

Source: Rockwell Automation, Inc.

FAQ

What is the quarterly dividend declared by Rockwell Automation, Inc. (ROK)?

Rockwell Automation, Inc. (ROK) has declared a quarterly dividend of $1.25 per share on its outstanding common stock.

When will the dividend be payable to shareowners of Rockwell Automation, Inc. (ROK)?

The dividend will be payable on March 11, 2024.

When is the record date for the dividend for Rockwell Automation, Inc. (ROK)?

The record date for the dividend is Feb. 20, 2024.