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Roper's (ROP) Board Okays 12% Hike in Quarterly Dividend Rate
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Roper Technologies, Inc. (ROP - Free Report) has announced that it is rewarding shareholders in the form of a hike in the quarterly dividend rate. This increment marks the company’s 26th consecutive year of dividend rate increase.
We believe that such shareholder-friendly policies of the company reflect a strong cash position.
Inside the Headlines
As revealed, Roper’s board of directors approved 12% or 5 cents per share hike in the quarterly dividend rate, which now moved from 41.25 cents to 46.25 cents. On an annualized basis, the dividend increased to $1.85 from $1.65 per share.
Roper will pay the revised dividend on Jan 23, 2019, to shareholders of record as of Jan 9.
Sound Shareholder-Friendly Policies
Roper firmly believes in rewarding shareholders handsomely through dividend payments. In the last three years (2015-2017), the company’s cash dividend paid per share increased from $1.00 in 2015 to $1.40 in 2017. In December 2017, the company raised the quarterly dividend rate by 18%.
Further, the company paid a cash dividend of $1.2375 per share or approximately $126.7 million in cash to its shareholders in the first nine months of 2018.
We believe that impressive financial performance in the quarters ahead is likely to enable the company to continue rewarding its shareholders handsomely through dividend increments.
Earnings Projections and Price Performance of Roper
Roper, with approximately $29.9-billion market capitalization, currently carries a Zacks Rank #3 (Hold). Enhanced liquidity, improved end-markets conditions and tactical initiatives work in the company’s favor. However, buyout-related risks and adverse impacts of rising costs remain headwinds.
For 2018, the company anticipates adjusted earnings per share of $11.69-$11.73, higher than $11.40-$11.56 stated earlier. The mid-point of the revised projection reflects year-over-year growth of 24.3%.
In the past 60 days, the Zacks Consensus Estimate for earnings has improved roughly 1% to $3.13 for the fourth quarter of 2018 and 1.8% to $11.72 for 2018. These estimates reflect year-over-year growth of 15.9% for the fourth quarter and 24.4% for 2018.
In the past 60 days, earnings estimates for all these three stocks improved for the current year. Further, positive earnings surprise for the last quarter was 17.95% for DXP Enterprises, 23.64% for EnPro Industries and 60.61% for Luxfer Holdings.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Roper's (ROP) Board Okays 12% Hike in Quarterly Dividend Rate
Roper Technologies, Inc. (ROP - Free Report) has announced that it is rewarding shareholders in the form of a hike in the quarterly dividend rate. This increment marks the company’s 26th consecutive year of dividend rate increase.
We believe that such shareholder-friendly policies of the company reflect a strong cash position.
Inside the Headlines
As revealed, Roper’s board of directors approved 12% or 5 cents per share hike in the quarterly dividend rate, which now moved from 41.25 cents to 46.25 cents. On an annualized basis, the dividend increased to $1.85 from $1.65 per share.
Roper will pay the revised dividend on Jan 23, 2019, to shareholders of record as of Jan 9.
Sound Shareholder-Friendly Policies
Roper firmly believes in rewarding shareholders handsomely through dividend payments. In the last three years (2015-2017), the company’s cash dividend paid per share increased from $1.00 in 2015 to $1.40 in 2017. In December 2017, the company raised the quarterly dividend rate by 18%.
Further, the company paid a cash dividend of $1.2375 per share or approximately $126.7 million in cash to its shareholders in the first nine months of 2018.
We believe that impressive financial performance in the quarters ahead is likely to enable the company to continue rewarding its shareholders handsomely through dividend increments.
Earnings Projections and Price Performance of Roper
Roper, with approximately $29.9-billion market capitalization, currently carries a Zacks Rank #3 (Hold). Enhanced liquidity, improved end-markets conditions and tactical initiatives work in the company’s favor. However, buyout-related risks and adverse impacts of rising costs remain headwinds.
For 2018, the company anticipates adjusted earnings per share of $11.69-$11.73, higher than $11.40-$11.56 stated earlier. The mid-point of the revised projection reflects year-over-year growth of 24.3%.
In the past 60 days, the Zacks Consensus Estimate for earnings has improved roughly 1% to $3.13 for the fourth quarter of 2018 and 1.8% to $11.72 for 2018. These estimates reflect year-over-year growth of 15.9% for the fourth quarter and 24.4% for 2018.
Roper Technologies, Inc. Price and Consensus
Roper Technologies, Inc. Price and Consensus | Roper Technologies, Inc. Quote
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In the past month, the company’s share price has increased 3.6%, outperforming 2.2% growth recorded by the industry.
Key Picks
Some better-ranked stocks in the industry are DXP Enterprises, Inc. (DXPE - Free Report) , EnPro Industries, Inc. (NPO - Free Report) and Luxfer Holdings PLC (LXFR - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, earnings estimates for all these three stocks improved for the current year. Further, positive earnings surprise for the last quarter was 17.95% for DXP Enterprises, 23.64% for EnPro Industries and 60.61% for Luxfer Holdings.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>