SYNNEX Corporation (SNX) will raise its quarterly dividend by 25.0 percent to $0.25 per share. Last year the business process services company hiked its dividend by 60% to $0.20 per share, following the initiation of a $0.13 per share quarterly dividend in 2014.

The new $0.25 per share quarterly dividend will be payable on October 28, 2016 to stockholders of record as of the close of business on October 14, 2016.

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.