Oshkosh Corporation announced a quarterly cash dividend of $0.57 per common share. The dividend is payable on June 30, 2026, to shareholders of record as of June 15, 2026. The ex-dividend date is June 15, 2026.

Based on the closing share price on Thursday, the dividend represents an annualized yield of approximately 1.5%. This marks the 10th consecutive year Oshkosh has either increased or maintained its quarterly dividend. The declared amount is unchanged from the previous quarter.

Headquartered in Wisconsin, Oshkosh manufactures specialty vehicles including fire apparatus, concrete mixers, military tactical vehicles, and airport snow removal equipment. Its brands include Pierce, McNeilus, and JLGR. The Defense segment contributes approximately 35% of the company's total revenue.

In its latest quarterly report, the company posted revenue of $2.8 billion, an 8% year-over-year increase, surpassing market expectations of $2.65 billion. Defense segment revenue grew 12%, driven by continued orders for the U.S. Army's Family of Medium Tactical Vehicles. The Access segment revenue increased by 6%, while the Fire & Emergency segment revenue rose by 4%. Adjusted earnings per share were $2.30, up from $2.05 in the prior-year period and above the consensus estimate of $2.10.

The company raised its full-year revenue guidance to a range of $11.5 billion to $11.8 billion. Adjusted earnings per share guidance was increased to between $9.00 and $9.50. Operating cash flow for the year is projected to be between $700 million and $800 million.

Analysts note the company's dividend payout ratio is approximately 25% of adjusted earnings per share, indicating a very safe level. Operating cash flow is sufficient to cover dividend payments by more than three times. Bolstered by increased defense budgets and infrastructure spending, Oshkosh's order backlog has grown to a record $15 billion.

Following the announcement, Oshkosh shares rose approximately 1% in pre-market trading. The stock has gained about 12% year-to-date, supported by expectations of higher defense and public infrastructure investment. Current analyst ratings include 8 Buys, 4 Holds, and 1 Sell, with a median price target of $120.