Xilinx (XLNX) will raise its quarterly dividend by 6.1 percent to $0.35 per share in 2017. This follows a 2 cent dividend hike to 33 cents quarterly last year.

The new dividend is payable on June 1, 2017 to all stockholders of record at the close of business on May 16, 2017.

Xilinx, Inc. designs and develops programmable devices and associated technologies, including integrated circuits (ICs) in the form of programmable logic devices (PLDs), Adaptive Compute Acceleration Platform (ACAP), software design tools to program the PLDs, software development environments and embedded platforms, targeted reference designs, printed circuit boards and intellectual property (IP), which consists of Xilinx and various third-party verification and IP cores. Xilinx was founded and incorporated in California in February 1984 and has paid a dividend every year since 2004.