Rockwell Automation

Rockwell Automation is a leading provider of industrial automation and digital transformation technology, supplying the controls, software and analytics that run factories and production lines. As manufacturers automate and reshore operations, Rockwell benefits from demand for smarter, more connected equipment across sectors from food and beverage to automotive and life sciences. Rockwell has paid and increased its dividend for around three decades, funded by solid cash flow from a business with a large base of recurring software and service revenue. The yield is modest because the shares reflect long-term automation growth, but the consistent record of increases and durable industrial demand support a dependable and steadily rising income profile.