Xilinx has declared a raise in its latest quarterly dividend. The chipmaker will dispense $0.25 per share of its common stock on June 5 to shareholders of record as of May 15. That tops the previous payout by 14%. The company had handed out $0.22 per share in each of its past four quarters. Before that, it paid $0.19.
This is the eighth time Xilinx has lifted its distribution since it initiated dividend payments in 2004.
The new dividend annualizes to $1.00 per share. That yields 2.7% at the current stock price of $37.19.
The article Xilinx Raises Dividend originally appeared on Fool.com.
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