Federated Investors, Inc. (FII) will increase its quarterly dividend by 4.2 percent from $0.24 to $0.25 per share in 2013.

The last time the investment manager hiked its dividend was in 2008, with special dividends of $2.52 and $1.26 paid in 2008 and 2010.

Federated Investors, Inc. (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.