Oracle Corporation (ORCL) will double its quarterly dividend to $0.12 per share in 2013. This is the first dividend hike by the technology company since the second quarter of 2011.

The next dividend is payable on August 2, 2013, to shareholders of record at the close of business on July 12, 2013. The ex-date for the new quarterly dividend of 12 cents per share is July 10, 2013.

Oracle Corporation provides products and services that address all aspects of corporate IT environments, including application, platform and infrastructure. The company's businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. Its hardware business consists of two segments, including hardware products and hardware support. Oracle has been paying a dividend to shareholders every year since 2009.