Dunkin’ Brands (DNKN) will raise its quarterly dividend by 7.5 percent from $0.30 to $0.3225 per share in the first quarter of 2017.

The increased dividend is payable on March 22, 2017 to shareholders of record as of the close of business on March 13, 2017.

Dunkin' Brands Group, Inc. is a franchisor of quick service restaurants serving hot and cold coffee and baked goods, as well as hard-serve ice cream. The Company franchises restaurants in the United States and international under its Dunkin' Donuts and Baskin-Robbins brands. Dunkin' Brands Group, Inc., headquartered in Canton, Mass., became a public company in 2011.