Rockwell Automation Approves $1 Billion for Common Stock Repurchase and Increases Common Stock Dividend 11 Percent to $1.88 Annually
The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK) today authorized the company to expend up to an additional $1 billion to repurchase shares of Rockwell Automation common stock. This is in addition to the authorization on Nov. 7, 2007 to repurchase $1 billion worth of common stock, of which approximately $51 million was remaining as of June 7, 2012.
The Board also declared an 11 percent increase in the quarterly dividend to 47 cents per share on common stock, payable on Sept. 10, 2012 to shareowners of record at the close of business on Aug. 13, 2012.
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