Dividend Aristocrat Roper Technologies hikes dividend by 10%
Roper Technologies (ROP) will raise its quarterly dividend by 10% to $0.825 quarterly per share in 2024. This marks the 32nd consecutive year of increased dividends by Roper.
The increased dividend will be payable on January 17, 2025 to stockholders of record as of January 3, 2025. This represents an increase of 10% over the dividend paid in each quarter of 2024, or an expected $0.30 increase on an annual basis ($0.075 on a quarterly basis).
At a stock price of $564 the dividend yield for Roper is 0.8%. Roper has a market cap of $60.5 billion with the stock up 3.6% year-to-date. The company is known for its consistency with approximately 10% annual dividend increases every year.
Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions.Roper Technologies
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. Roper operates through four segments: Application software, Network Software & Systems, Measurement & Analytical solutions and Process Technologies. The company had paid a dividend every year since at least 1992.
