Intel (INTC) will raise its quarterly dividend by 4.8 percent to $0.2725 per share. Last year Intel hiked its dividend by 8.3 percent, marking the second consecutive year of higher dividends.

The next dividend will be payable on June 1, 2017, to stockholders of record on May 7, 2017. Intel has paid consecutive quarterly dividends since 1992.

Intel Corporation designs, manufactures, and sells computer components and related products. Intel’s products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory, graphic, network and communication, systems management software, conferencing, and digital imaging products. Intel went public October 13, 1971 and has been paying dividends since 1992.