Estee Lauder Companies (EL) will raise its quarterly dividend by 11.8 percent to $0.38 per share in the fourth quarter of 2017. The beauty products company has paid dividends every year since it went public in November 1995.

The increased dividend will be paid on December 15, 2017 to shareholders of record on November 30, 2017. The new dividend yield for EL is 1.3%.

The Estée Lauder Companies Inc. is a manufacturer of skin care, makeup, fragrance and hair care products. The Company’s brand names include Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.