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Rockwell Automation boosts dividend to 52 cents

MILWAUKEE (AP) -- Rockwell Automation Inc. said Wednesday that its board approved an 11 percent increase in its quarterly cash dividend to 52 cents.

The industrial equipment and software maker said the dividend will be paid on June 10 to shareowners of record as of May 13.

Milwaukee-based Rockwell said the dividend boost reflects its continued commitment to appropriately returning cash to shareholders.

Rockwell shares fell 10 cents to $84.23 in midday trading. Its shares are closer to the high end of their 52-week range of $61.20 to $91.99.