Roper Technologies Increases Dividend 10% - Its 29th Consecutive Annual Dividend Increase

Rhea-AI Summary

Roper Technologies, Inc. (NYSE: ROP) has declared a quarterly cash dividend of $0.62 per share, reflecting a 10% increase from 2021, payable on January 24, 2022 to stockholders of record by January 10, 2022. This marks the twenty-ninth consecutive year of dividend increases for Roper. The annual increase totals $0.23 per share, representing a quarterly rise of $0.0575.

Positive

• Declared a quarterly cash dividend of $0.62 per share.
• 10% increase from previous year, showcasing commitment to shareholders.
• Marked the twenty-ninth consecutive year of dividend increases.

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• None.

SARASOTA, Fla., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (NYSE: ROP) announced today that its Board of Directors has declared a quarterly cash dividend of $0.62 per share, payable on January 24, 2022 to stockholders of record as of January 10, 2022. This represents an increase of 10% over the dividend paid in each quarter of 2021, or an expected $0.23 increase on an annual basis ($0.0575 on a quarterly basis).  This is the twenty-ninth consecutive year in which Roper has increased its dividend. 

About Roper Technologies

Roper Technologies is a constituent of the S&P 500, Fortune 500, 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. Additional information about Roper is available on the Company’s website at www.ropertech.com.

The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes," "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include any ongoing impacts of the COVID-19 pandemic on our business, operations, financial results and liquidity, which will depend on numerous evolving factors which we cannot accurately predict or assess, including: the duration and scope of the pandemic, new variants of the virus and the distribution and efficacy of vaccines; any negative impact on global and regional markets, economies and economic activity; actions governments, businesses and individuals take in response to the pandemic; the effects of the pandemic, including all of the foregoing, on our customers, suppliers, and business partners, and how quickly economies and demand for our products and services recover after the pandemic subsides. Such risks and uncertainties also include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, the newly acquired businesses. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises (such as the COVID-19 pandemic) or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, environmental compliance costs and liabilities, risks and cost associated with litigation, including asbestos related litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

Contact Information: Investor Relations +1 (941) 556-2601 investor-relations@ropertech.com

FAQ

What is the Roper Technologies dividend amount for January 2022?

The dividend amount is $0.62 per share, payable on January 24, 2022.

What percentage increase does the recent Roper Technologies dividend represent?

The recent dividend represents a 10% increase over the 2021 dividend.

How long has Roper Technologies been increasing its dividend?

Roper Technologies has increased its dividend for twenty-nine consecutive years.

When is the record date for the upcoming Roper Technologies dividend?

The record date for the upcoming dividend is January 10, 2022.