Roper Technologies Raises Dividend 9.9% to $1.00

Roper Technologies raised its quarterly dividend 9.9% to $1.00 a share from $0.91. The stock will trade ex-dividend on January 4, 2027, and the payment is due January 19, 2027. The new rate represents an annual dividend of $4.00.

Why the dividend changed

Roper’s declaration did not attribute the increase to a particular operating result or transaction. The board approved the higher payment as part of the company’s established annual dividend progression, while Roper continued to direct most excess capital toward acquisitions of vertical software and technology-enabled businesses.

The operating backdrop was supportive. Roper reported that third-quarter revenue increased 8% to $2.17 billion, including 7% organic growth. Adjusted diluted earnings per share increased 15% to $5.89. The company also raised its full-year adjusted diluted earnings-per-share guidance to $22.35 to $22.40 from $22.15 to $22.30, citing third-quarter performance that exceeded its expectations. Roper’s third-quarter results provide context for the dividend decision, although management did not directly link the increase to a single financial measure.

Acquisitions remain the larger capital-allocation priority. Chief Executive Neil Hunn said Roper deployed $436 million across three bolt-on acquisitions during the quarter, received $1.2 billion from the sale of Indicor’s instrumentation businesses and retained more than $6 billion of capital-deployment capacity. Roper’s quarterly filing showed four acquisitions completed during the first nine months for $488.7 million, net of cash acquired and certain liabilities. The higher dividend therefore sits alongside, rather than replaces, the company’s acquisition-led strategy.

Dividend track record

The recent payment history shows a regular annual step-up. Roper paid $0.825 in each of the four 2025 quarters, followed by $0.91 in each of the four 2026 quarters. The new $1.00 rate begins with the January 2027 payment. Its five-year dividend-growth rate is 10.0% annual growth.

Annual totals rose from $2.05 in 2020 to $2.25 in 2021, an increase of 9.8%. They then reached $2.48 in 2022, up 10.1%; $2.73 in 2023, up 10.2%; $3.00 in 2024, up 9.8%; and $3.30 in 2025, up 10.0%. The narrow range of those increases indicates a consistent pattern rather than intermittent large changes.

The company calls this its 34th consecutive annual dividend increase. Roper’s last annual cut occurred in 1997, making the current run long but not unbroken across its full payment history.

Is the dividend covered?

The dividend consumes 14% of earnings. That payout ratio leaves a wide earnings cushion after the distribution and preserves most profits for acquisitions, debt management and other corporate uses.

SmarterDividends rates the dividend A with a safety score of 93. That places Roper in the very safe score 80-100 band, meaning the current earnings payout and payment record indicate a low risk of a near-term reduction under ordinary operating conditions. The grade is an assessment of coverage and resilience, not a guarantee of future payments.

Yield and valuation

At a share price of $477.70, Roper’s forward yield is 0.84%, below the Technology sector median forward yield of 1.39%. The comparison identifies Roper as a lower-yielding dividend stock within its sector, despite its record of regular increases. The annual income from 100 shares at the new rate is $400.00.

SmarterDividends estimates fair value at $579.70 and classifies the shares as undervalued, with 22% upside to that estimate. The fair-value figure is a valuation benchmark and is separate from the dividend-safety assessment.

What to watch

The immediate dates are January 4, 2027, when the shares trade ex-dividend, and January 19, 2027, when the $1.00 payment is due. Subsequent board declarations will determine whether that rate continues through the remaining quarterly payments.

The next operating checkpoint is Roper’s full-year results. Investors can compare those results with the company’s adjusted diluted earnings-per-share guidance of $22.35 to $22.40 and examine whether organic growth and cash generation continue to support both acquisitions and the dividend. Roper has also said its guidance excludes proceeds from Indicor’s pending divestiture of the Cornell Pump and Roper Pump businesses, as well as potential share repurchases. Those transactions remain relevant to capital capacity but do not alter the terms of the declared dividend. The company outlined those exclusions with its third-quarter guidance.