SYNNEX Corporation (SNX) will raise its quarterly dividend by 60.0 percent to $0.20 per share in 2015. Last year the company initiated a quarterly dividend and this is the first increase. The indicated dividend yield is 1%.

SYNNEX Corporation is a business process services company, providing distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy to a broad range of enterprises. Founded in 1980, SYNNEX Corporation has operations in North and South America, Asia-Pacific and Europe. In 1994 the company changed its name from Compac to SYNNEX (SYNNEX = Synergy + Nexus) and in 2003 SYNNEX became a public company through its Initial Public Offering on the New York Stock Exchange.