Oracle Corporation (ORCL) will raise its quarterly dividend by 26.7 percent to $0.19 per share in the second quarter of 2017. This is the first dividend hike by the technology company since the second quarter of 2015.

The next dividend is payable on April 26, 2017 to shareholders of record at the close of business on April 12, 2017. The ex-date for the new quarterly dividend of 19 cents per share is April 10, 2017.

Oracle Corporation provides products and services that address all aspects of corporate IT environments, including application, platform and infrastructure. The company's businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. Its hardware business consists of two segments, including hardware products and hardware support. Oracle has been paying a dividend to shareholders every year since 2009.