New Dividend: 47 cents quarterly (per share)
Dividend Percent Increase: 10.6%Current Yield: 2.73% Rockwell Automation (ROK - Get Report) was another industrial name that I talked about earlier this month for its dividend-hiking potential. And sure enough, that potential got proven right last Friday (four days later) when the firm announced a 10.6% dividend increase. >>20 Smaller Stocks With Growing Dividends Rockwell manufactures tools and controls used to increase efficiency at factories. Because Rockwell's focus is on reducing costs for customers, it has an easier sale than other firms that are trying to tack less cost-focused products onto factory floors. If Rockwell can justify the cost savings of its automation equipment, it should be able to continue to keep up its recent sales growth pace, especially in international markets.