Kimball International (KBAL) will raise its quarterly dividend by 10 percent to $0.055 per share in 2015. This is the first dividend increase since the industrial company cut its dividend by 68.8 percent in 2009.

Kimball International, Inc. creates design driven, innovative furnishings sold through the Kimball, David Edward, National, D'style and Kimball Hospitality brands. The company offers solutions for the workplace, learning, healing, and hospitality environments. Kimball International also offers several products designed specifically for the healthcare market, such as patient room and lounge seating and casegoods. Kimball was established in 1950 and is headquartered in Jasper, Indiana.