Teradyne (TER) will raise its quarterly dividend from $0.06 to $0.07 per share. It's the first hike for Teradyne since the dividend was initiated in 2014.

The increased dividend will be payable on March 20, 2017 to shareholders of record as of the close of business on February 24, 2017.

Teradyne, Inc. is a global supplier of automation equipment for test and industrial applications. The company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace and defense industries. Teradyne's industrial automation products include collaborative robotic arms, autonomous mobile robots and advanced robotic control software used by global manufacturing and light industrial customers to improve quality, increase manufacturing and material handling efficiency and decrease manufacturing costs. Teradyne, Inc. was founded in 1960 and has paid a dividend every year since 2014.