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Dolby Laboratories (DLB) will raise its quarterly dividend to $0.16 per share.

The dividend is payable on November 15, 2017, to stockholders of record as of the close of business on November 6, 2017.

Dolby Laboratories creates audio, video, and voice technologies that transform entertainment and communications in mobile devices, at the cinema, at home, and at work. The company distributes its products worldwide. Its technologies are incorporated in end markets, such as the broadcast, Personal Computer, mobile, consumer electronics and other markets.